Following the UN Climate Summit in New York this week, the world is awash in environmental commitments from investors. But one thing is also clear: even the very greenest of the world's pension funds won’t be selling out of oil.
On the eve of the summit on Monday, the Rockefeller Brothers Fund, which manages the fortune endowed by the founders of Standard Oil, grabbed global headlines with a pledge to sell out of fossil fuel producing companies, and reinvest the proceeds in renewable energy.
