As people now pay a lot of attention to environment, some companies and universities transfer money to other careers. Recently, the famous Rockefellers decides to sell $50billion of its oil assets to invest clean, renewable energy. It’s known that Rockefellers set up the empire and made great number of fortune through oil industry. Selling the oil assets is obviously a significant decision.

As a famous family with a great number of fortunes, Rockefellers tries to fulfill its social responsibility. It positively takes part in philanthropy and devotes a lot on educational, healthy and conservation areas. Giving up oil assets to develop sustainable energy is another step to contribute to the whole society.

On the other hand, Rockefellers is about business essentially. The reason why it decides to put such a great number of money to clean and renewable energy is not only social responsibility but also profit. Facing threatens of global warming, people want to adopt measures to protect the environment. Certainly, in the energy area, environmental energy will be the mean direction of future although fossil fuel still makes great profit currently. Also there’s great market for clean energy as more and more wide use of it, like the electric cars.

However, we have to admit that Rockefellers does make more social benefit through this plan, no matter what the intention is.

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Link: Rockefellers to sell oil assets as part of $50B global warming fight. (2014, September 22). Retrieved October 1, 2014, from http://www.cbc.ca/news/business/rockefellers-to-sell-oil-assets-as-part-of-50b-global-warming-fight-1.2773771