CONGRESSMAN TED LIEU STATEMENT ON ROCKEFELLER FAMILY FUND DIVESTING FROM EXXONMOBIL

March 25, 2016
Press Release

FOR IMMEDIATE RELEASE

Washington - Today, Congressman Ted W. Lieu (D | Los Angeles County) issued the following statement in light of the announcement that the Rockefeller Family Fund is divesting from major segments of the fossil fuel industry, including ExxonMobil.  Congressman Lieu has been the leading voice in Congress requesting the SEC and the Department of Justice investigate ExxonMobil’s deceptive actions on climate science.

"I commend the Rockefeller Family Fund for divesting from ExxonMobil based on the company’s morally reprehensible conduct in deceiving the American public on climate change.  I call on all other funds that have a moral compass to follow the Rockefeller Family Fund and divest from ExxonMobil, including large pension funds such as the California Public Employees’ Retirement System and the New York State Common Retirement Fund.

“I also find it disconcerting that Exxon Mobil, rather than admit the truth, is now smearing those who criticize the company as engaging in a ‘conspiracy.’  Doubling down on a false narrative and using conspiratorial language is something that demagogues do, not a company that purportedly prides itself on using science and technology to succeed."

 

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