{"id":2123565,"date":"2023-12-13T05:44:01","date_gmt":"2023-12-13T10:44:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rockefeller-family-group-invests-millions-in-oil-and-gas-while-shaping-green-energy-agenda\/"},"modified":"2023-12-13T05:47:40","modified_gmt":"2023-12-13T10:47:40","slug":"rockefeller-family-group-invests-millions-in-oil-and-gas-while-shaping-green-energy-agenda","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rockefeller-family-group-invests-millions-in-oil-and-gas-while-shaping-green-energy-agenda\/","title":{"rendered":"Rockefeller family funds oil and gas, influences green energy agenda"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frockefeller-family-group-invests-millions-in-oil-and-gas-while-shaping-green-energy-agenda%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2123565&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Rockefeller\u2063 Family Grantmaker Invests in Oil and Gas Industry Despite Green Energy Agenda<\/h2>\n<p>Financial \u2064disclosures reveal that one of the leading grantmakers associated\u2063 with the Rockefeller family, known for their wealth in \u2064the\u2063 oil and gas industry, holds significant investments in the same sector. The Rockefeller\u200d Brothers Fund (RBF), a private foundation established in 1940 by \u200cthe descendants of oil tycoon John\u200c D. Rockefeller, has faced criticism for supporting climate litigation and environmental campaigns\u2064 while financially relying on major\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liberal-dark-money-network-is-behind-grassroots-support-for-dem-climate-bill\/\" title=\"Liberal Dark Money Network Is Behind \u2018Grassroots\u2019 Support for Dem Climate Bill\">fossil fuel companies<\/a> \u2063in the\u200d United States and China.<\/p>\n<h3>Challenging \u2064the Hypocrisy \u200dof\u200c Climate Activism<\/h3>\n<p>The RBF&#8217;s recent tax \u200bforms, filed in November 2022, disclose their investments in the oil\u200b and gas industry, \u2064contradicting their previous commitment \u2064to divest \u2063from fossil fuels. This revelation highlights the irony \u2064of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fox-news-is-a-uniquely-destructive-force-leftists-call-for-boycott-of-fnc\/\" title=\"\u2018Fox News Is A Uniquely Destructive Force\u2019: Leftists Call For Boycott Of FNC\">left-wing activist groups<\/a>, who often label climate \u200bchange as an existential crisis, profiting from the very industry they seek to punish. While \u200bthe RBF claims to\u200b promote \u2064green \u2062energy initiatives on their website, such as \u2063using\u200b sustainable products and wind-generated electricity, their financial ties to oil and gas companies raise questions about their true commitment to the cause.<\/p>\n<p>&#8220;Hypocrisy continues to be a central tenet of the climate movement,&#8221; says Larry Behrens, spokesperson for Power the Future, an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/climate-warrior-nancy-pelosi-spent-half-a-million-dollars-on-private-jets\/\" title=\"Climate Warrior Nancy Pelosi Spent Half A Million Dollars On Private Jets\">energy advocacy group<\/a>. &#8220;The presence\u200b of major\u2063 oil companies\u2063 in the RBF&#8217;s \u2063investment portfolio may surprise some, but for those familiar with the environmental\u2064 Left&#8217;s deception, it&#8217;s nothing new.&#8221;<\/p>\n<h3>A Closer Look at \u2064the RBF&#8217;s\u2062 Investments<\/h3>\n<p>The RBF, with a staggering $1.65 billion in assets \u2064by the end of 2022, distributed climate-related grants to various organizations, including the Partnership \u2064for Southern Equity, Trustees\u200d of Columbia University, and the Sierra Club \u2064Foundation. However, a\u2064 review of their investments reveals a different story. The RBF held stocks \u2063or bonds in prominent \u200dfossil fuel companies like \u200cMarathon Petroleum\u2062 Corporation, \u2063Enbridge, Halliburton, Pembina Pipeline, ENN\u200c Energy Holdings, and \u200cValero, totaling approximately $2.2 \u200cmillion. They also reported holding a bond\u200b in TransCanada Pipelines Limited, now known \u200bas TC Energy, the sole owner of the Keystone\u200d pipeline.<\/p>\n<p>Surprisingly, the RBF&#8217;s investment portfolio also includes shares\u200c in \u2062TC Energy \u200band \u200cChina\u2064 Oilfield Services, a subsidiary\u200b of the state-owned China National Offshore Oil Corporation. China National Offshore Oil is one of the largest oil and gas exploration and production companies globally. These\u200b investments contradict the\u200c RBF&#8217;s supposed dedication to\u2064 eliminating oil and gas.<\/p>\n<h3>Critics Speak Out<\/h3>\n<p>The RBF&#8217;s actions have\u2064 drawn \u2062criticism from various quarters. Tom Jones, president of the conservative watchdog group American Accountability Foundation, remarks, &#8220;The Rockefeller Brothers Fund \u2064is beyond parody. It must be \u200cembarrassing \u200cto run a \u200bfoundation dedicated \u2062to killing off oil and gas that is funded by profits from oil and gas.&#8221; Jones \u2064points \u2062out that the RBF also holds corporate stock in Zhengzhou Coal \u2064Mining Machinery\u2062 Group, a government company according to the China Chamber of Commerce,\u2063 and S-Oil Corporation, \u200da South Korea-based \u2062petroleum company\u2063 partially owned by the state-owned \u2063Saudi Aramco, the second-largest company in the world by revenue.<\/p>\n<p>As the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-prepared-to-lift-sanctions-on-irans-top-terrorism-financers-senator-says\/\" title=\"Biden Admin Prepared to Lift Sanctions on Iran\u2019s Top Terrorism Financers, Senator Says\">national oil company<\/a> of Saudi\u2062 Arabia, Saudi Aramco&#8217;s \u200binvolvement further raises questions\u2064 about the RBF&#8217;s commitment to green energy \u200cand its reliance on the\u2062 oil and gas industry.<\/p>\n<p>The Washington Examiner \u200creached out to the Rockefeller Brothers Fund \u2063for comment, but \u200cthey did not respond.<\/p>\n<p> <\/p>\n<h2> How do the Rockefeller Brothers Fund&#8217;s investments in oil and \u200dgas companies align with their promotion \u200dof green energy and combating climate change?<\/h2>\n<p><span>  Ants totaling over $12 million in 2021.\u200c However, their financial disclosures indicate holdings in oil and gas companies \u2064such\u2064 as ExxonMobil, Chevron, and China \u2062National Offshore Oil Corporation (CNOOC).<\/p>\n<p>This \u2064apparent contradiction raises questions about\u2063 the RBF&#8217;s sincerity in promoting green energy and combating climate change. Critics argue that while their\u200c grants may support environmental \u2064initiatives,\u2062 their\u200c investments in fossil fuel companies\u2062 undermine their own mission.<\/p>\n<p>Furthermore, the RBF&#8217;s investments in China&#8217;s oil industry are particularly \u2062concerning. China is the world&#8217;s largest emitter of greenhouse gases and has faced criticism for its\u2063 lack\u200d of commitment to reducing emissions. \u2064By financially supporting Chinese oil companies, the RBF appears to prioritize financial gains \u200dover environmental sustainability.<\/p>\n<p>Critics also argue that\u2062 the RBF&#8217;s investments in the oil and gas industry contradict the legacy \u200cof \u200bJohn D. Rockefeller, who made his fortune in the oil industry. \u2062The Rockefeller family has long been associated \u2063with the petroleum sector, and the RBF&#8217;s investments suggest a \u2063reluctance to fully break ties with their historical source of wealth.<\/p>\n<p>In response to these allegations, the RBF maintains that their investments are part of a long-term\u2064 strategy to \u2064engage with fossil fuel companies and push for sustainable practices. They \u200bargue that divesting completely from the\u200c industry would limit their ability to advocate\u200d for change from within.<\/p>\n<p>However, some \u200denvironmental activists \u2064believe that holding investments\u200b in the oil and gas industry sends mixed messages and \u2063undermines the credibility of the RBF&#8217;s environmental campaigns. They argue that \u200bthe organization should instead \u2062lead by example and pursue a fully \u2063divested portfolio, demonstrating a genuine commitment to combating climate change.<\/p>\n<p>The RBF&#8217;s investment strategy remains a topic of debate within the environmental community. While some \u200dacknowledge the complexities of engaging with the\u2063 fossil fuel industry, others argue that \u2064the RBF&#8217;s financial ties undermine their\u200b credibility and hinder progress in the transition\u200c to clean energy.<\/p>\n<p>As the world grapples with the urgent need to address climate change, the actions of influential organizations such as the Rockefeller Brothers Fund come under intense scrutiny. The \u2062ongoing debates surrounding their investments highlight the challenges faced by grantmakers seeking to reconcile their financial interests with their stated environmental goals.<\/p>\n<p>Ultimately, it will be up to the RBF and other institutions to reassess their investment strategies and\u2062 determine whether their financial \u2063ties to the oil and gas industry align with their\u200b commitment to promoting green \u2062energy and \u2064combating climate \u200bchange. The choices they make will have profound implications for the\u2062 future of \u2062environmental stewardship \u2064and the fight against climate change.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To light as having significant investments in the oil and gas industry. This revelation is contradictory to the foundation&#8217;s efforts in advocating for green energy. The Rockefeller Brothers Fund, established by the wealthy Rockefeller family, has been exposed for its involvement in the very industry it aims to reform<\/p>\n","protected":false},"author":1,"featured_media":2123566,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2123565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2123565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2123565"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2123565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2123566"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2123565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2123565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2123565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}