In a Wednesday announcement, the Rockefeller Family Fund made a move to divest from fossil fuels by "eliminating holdings" of Exxon Mobil Corporation XOM.
In a Reuters article outlining the move, Rockefeller is unhappy with Exxon's actions and "allegedly misleading the public about the threat of climate change."
According to the Reuters report, "The move by the U.S. based charity, which will also include coal and Canadian oil sands holdings, is especially notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil."
As of early afternoon trading on Wednesday, Exxon stock has remained relatively flat on the day, recently seen trading at $83.94 from an open of $83.86.
At this time, Exxon has made no public comment regarding the divestiture.
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