RISD to divest from investments in fossil-fuel companies

RHODE ISLAND SCHOOL OF DESIGN STUDENTS hold signs urging RISD to divest in this photograph posted on Facebook. The Board of Trustees recently voted to divest its direct investments in fossil-fuel extraction company stocks and bonds, after a two-year study. / COURTESY DIVEST RISD CAMPAIGN
RHODE ISLAND SCHOOL OF DESIGN STUDENTS hold signs urging RISD to divest in this photograph posted on Facebook. The Board of Trustees recently voted to divest its direct investments in fossil-fuel extraction company stocks and bonds, after a two-year study. / COURTESY DIVEST RISD CAMPAIGN

PROVIDENCE – The Rhode Island School of Design’s board of trustees last week voted unanimously to divest the college endowment’s direct investments in fossil-fuel extraction company stocks and bonds.
The decision came after a two-year study, according to a college spokeswoman.
“As a board we thoroughly considered many factors prior to reaching this decision. The board believes this is the right action to take and I’m proud of the outcome,” RISD Board of Trustees Chair Michael Spalter said in a statement.
The Divest RISD Campaign heralded the news on its Facebook page with the post, “WE DID IT.”

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