The Age believes clean energy will bring exponential returns

Wind is just one alternative
 to fossil fuel energy

America's great family dynasties were, for the most part, founded on the industries that powered Western economic growth. Oil, railways, car manufacturing, chemicals, banking and property development dominate the landscape of generational wealth in the United States.

One of those dynasties, the Rockefeller family, derived its vast riches from ownership of Standard Oil, now known as ExxonMobil. But one of the philanthropic funds controlled by the Rockefellers has declared it will no longer invest in fossil fuels because of its profound concerns about climate change.

The Rockefeller Family Fund says the clear evidence on climate change leads it to believe that reserves of oil, coal and tar-sands must remain in the ground "if there is any hope for human and natural ecosystems to survive and thrive". It says "there is no sane rationale for companies to continue to explore for new sources of hydrocarbons" and it makes "little sense, financially or ethically" to invest in companies that exploit fossil fuels

Read the Editorial in today’s Melbourne Age - “Climate change: Clean energy will bring exponential returns.”