Some might see it as a cheap publicity ploy taking advantage
in the wake of the upcoming UN Climate Change Summit but do we all benefit from
the Rockefeller Foundation quitting crude oil?
By: Ringo Bones
As someone who experienced the hardships that resulted from
both Operation Desert Shield and Operation Desert Storm first hand, it seems
that the Rockefeller Foundation suddenly deciding to quit their hedge fund
funding from crude oil and other non-renewable fossil fuels almost cold turkey
23 years after Operation Desert Storm seems like a cheap publicity ploy taking
advantage of the upcoming UN Climate Change Summit this September 23, 2014 and in
the wake of the very recent Climate Change action demonstrations in New York City
back in Sunday, September 21, 2014 that also took place almost simultaneously
in other 160 countries like the UK, Afghanistan to Australia over world
governments’ lack of action on tackling the root cause of climate change – i.e.
excessive fossil fuel usage. If the Rockefeller Foundation – a charitable
foundation largely funded by the big crude oil boom of the 20th Century
– quits crude oil and other non-renewable fossil fuels and switch to greener renewable
energy sources, will it benefit the rest of us, the lowly 99-percent?
Given that the United States is now the world’s leading
producer of crude oil – and it has been since the middle of January 2013 –
America’s Big Oil heir, the Rockefeller Foundation - suddenly quitting crude
oil almost cold turkey could send anyone beholden to Capitol Hill’s “Crude Oil
Lobby” in a suicidal panic. Fortunately, it hasn’t, but to those in the know
and who have no control whatsoever on how their pension funds are invested are
now doubtful of the future of their pension funds now that the Rockefeller
Foundation has quit crude oil, coal and other fossil fuel based hedge fund
funding almost cold turkey. Will the Rockefeller Foundation quitting crude oil
cold turkey prove to be not economically viable in the long run?
3 comments:
I just hope a "conservative Big Oil Capitol Hill lobbyist" like the Rockefeller Foundation isn't quitting crude oil hedge funds just to prop-up a faux-environmentalist Republican candidate for the 2016 US Presidential Elections.
Given that dirty coal and Saudi sourced crude oil are the preferred energy source of choice of "white-Anglo-Saxon-American-Jesus-Christ", will right wing conservative Evangelicals declare the Rockefeller Foundation as a "communist" charitable organization?
Speaking in behalf of the "poorest 99-percent" of the planet who have no control on how their pension funds are floated - virtually all of America's public school teachers' pension-funds are funded by firearms maker Smith & Wesson, not to mention also being invested in crude oil extraction companies.
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