Must Read Money Stories for Thursday, March 24

by March 24, 2016

MRMSFossil fuel fallout. The Rockefeller Family Fund says it will take all of its money out of fossil fuels-related investments. Reuters reports the fund only controls about $130 million, but the decision to cut ties with the fossil fuel industry is significant for a family that first made its wealth off Standard Oil. The family fund was particularly harsh on Exxon Mobil, which it accused of misleading the public on the dangers of climate change.

Reconsidering weed. The New York Times paid a visit to Hotchkiss, Colorado, a coal-mining town that once resisted the state’s creation of a legal, recreational marijuana industry. But now that the coal business is going bust, leaders in Hotchkiss are reconsidering their Just Say No approach to pot businesses.

Flint findings. A task force appointed by the governor of Michigan to look into the Flint Water Crisis has issued a scathing report on how the crisis happened. Bridge Magazine reports one of the task force’s findings is that the State of Michigan was primarily responsible for the crisis, and state leaders should stop assigning blame to federal regulators at the EPA. The task force also said it reached an “inescapable” conclusion that the Flint Water Crisis represents a case of environmental injustice. Bridge has the full text of the report.

Who cares for the caregivers? Analysts project caregiving as the largest occupation by 2020, reports The Atlantic. And many people using today’s caregivers don’t compensate them. Those that do get paid often have no health insurance. As more baby-boomers head off into retirement and beyond, the need to provide caregivers with the care they need will grow, predicts The Atlantic.

Oil Wells” by flickr user “tommy-ironic” CC licence cc by-NC 2.0