The fund, which was founded by Martha, John, Laurance, Nelson and David Rockefeller, singled out ExxonMobil for particular attention describing the world’s largest oil company as “morally reprehensible”.
John D Rockefeller, who was the richest person in US history when he died in 1937, made his fortune from Standard Oil a precursor of ExxonMobil.
“There is no sane rationale for companies to continue to explore for new sources of hydrocarbons”, the RFF, which has relatively small total holdings of $130m (£92m), said in a statement. “We must keep most of the already discovered reserves in the ground if there is any hope for human and natural ecosystems to survive and thrive in the decades ahead.
