Friday Aug 12, 2022
Friday Aug 12, 2022

Oil-funded Foundation centers fight for climate


Nepalnews
2022 Jul 27, 12:36,
Wind turbines sit on a hill early Sunday morning, July 17, 2022, near Bad Harzburg, Germany. More than a century after it was founded with the wealth generated from the oil industry, the Rockefeller Foundation announced Tuesday, July 25, 2022, that it is making the fight against climate change central to all of its work, including its operations and investments. Photo/AP

The Rockefeller Foundation, created with wealth generated from the oil industry more than a century ago, plans to make the fight against climate change central to all of its work, including its operations and investments.

In a public letter released Tuesday, foundation president, Dr. Rajiv J. Shah, acknowledged the “irony” that his organization’s founder John D. Rockefeller “made his fortune by fueling a growing United States with carbon.”

Speaking to The Associated Press in advance of the announcement, Shah said that all institutions that benefited from the development driven by fossil fuels have a responsibility to battle climate change.

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The Rockefeller Foundation oil industry climate change Fossil Fuels
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