Rockefeller Heirs Join Pledge To Divest $50 Billion From Fossil Fuels

[ahyu02]

http://www.businessinsider.sg/r-philanth...ent-2014-9

The Rockefeller charity is one of philanthropies that pledge to divest from fossil fuels investment. Given Singapore has a large O&M industry that supplies/supports offshore drilling, are we prepare if green energy era is coming sooner than expected?

[specuvestor]

I might be reading too much but divest is different from close down or disinvest (no new capex for exploration)

[kagemusha]

Fossil fuel is not just petroleum.
There are a whole host of other products, such as plastics and chemical.
Maybe cars and power plant do not need oil, but other industries will need plastics and chemicals.

[sgd]

50bil is less than 0.1% of their wealth according to conspiracy theorist