Does stock divestment matter in fight over carbon-based fuels?

MAKING A DIFFERENCE? "You're not really going to deter Exxon from developing fossil-fuel resources by having a few colleges and universities divest of their stock in Exxon," said URI President David Dooley. / PBN FILE PHOTO/MICHAEL SALERNO
When Emma Beade was a senior at Rhode Island School of Design, she became invested in the idea of getting her school to divest from fossil-fuel-producing companies so it could do its part to save the planet. The student-organized Divest RISD Campaign in 2013 staged several protests, including a sit-in at then-President John Maeda's office…

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  1. I think it is important to reduce emissions of greenhouse gases, but I fail to see how university divestments saves even one barrel.

    On the other hand, Brown U by providing free use of RIPTA transit to all students, faculty and staff is making a real contribution, while URI-Providence which provides free (but expensive) PARKING to all students, faculty and staff downtown but no transit incentive is making things worse, especially as the traffic they promote is in the most congested, polluted part of our state, where there is good transit access from almost everywhere.