Rockefellers to Switch Investments to ‘Clean Energy’
The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50 bn (£31 bn) in fossil fuel assets.
The announcement will be made on Monday, a day before the UN climate change summit opens on Tuesday.
Some 650 individuals and 180 institutions have joined the coalition.
It is part of a growing global initiative called Global Divest-Invest, which began on university campuses several years ago, the New York Times reports.
Pledges from pension funds, religious groups and big universities have reportedly doubled since the start of 2014.