Rockefeller Family Fund pulls investments from fossil fuels industry, singling out Exxon Mobil for allegations it downplayed the impact the oil sector had on climate change. Photo by Katherine Welles/Shutterstock NEW YORK, March 24 (UPI) — The philanthropic arm of the Rockefeller family said the “morally reprehensible conduct” of Exxon Mobil was in part behind a decision to divest from fossil fuels. The Rockefeller Family Fund said it was in the process of dismantling its investments in the fossil fuels industry. “While the global community works to eliminate the use of fossil fuels, it makes little sense, financially or ethically, to continue holding investments in these companies,” the fund said in a statement. “There is no sane rationale for companies to continue to explore for new sources of hydrocarbons.” New York City is leading a national trend in divestments from coal , with pension fund managers called on to […]