Wednesday, September 24, 2014

What Comes Around...


John D. Rockefeller founded The Standard Oil Co. in 1870 and he built his fortune in oil.  It is possible his philanthropy began when he walked the streets handing out dimes to needy people.
A few years after his death in 1937 the United Nations was envisioned and the possibility that it might be located in San Francisco drove his son John Jr. to purchase eighteen acres on the east side of Manhattan and donate the site to the United Nations where the worlds' nations are meeting this week. Now in an illustration of complete irony, the Rockefeller Trust, which was built on oil money is divesting itself of all investments in fossil fuels - this after 140+ years.
tjs

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