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A Rockefeller explains: Why I lost faith in Exxon Mobil, and donated my shares

A Rockefeller explains: Why I lost faith in Exxon Mobil, and donated my shares

My great-grandfather, John D. Rockefeller Sr., created the Standard Oil Company and I inherited shares in the companies it spun off, including Exxon Mobil. But this year I donated those shares to the nonprofit Rockefeller Family Fund's Environmental program, which sold them and is using the $400,000 proceeds to fight global warming.

I lost faith in Exxon Mobil's future value. A prime reason is that Exxon's valuation is based largely on the immense untapped reserves of oil and gas it owns. And yet if future generations are to inherit a livable world, most of those reserves must stay in the ground.

Cynics may say that foreknowledge of...

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