NYU admin: Fossil fuel ‘divesting could hurt those people in developing countries who rely large fossil fuel companies as a source of income’

Do 32 protesters holding 64 orange balloons really think they are going to pressure NYU to divest from the top 200 fossil fuel companies?

Read more at NYULocal.

3 thoughts on “NYU admin: Fossil fuel ‘divesting could hurt those people in developing countries who rely large fossil fuel companies as a source of income’”

  1. Imagine that. International trade is good for people in developing countries who need jobs. Divesting is liable to destroy those jobs. Who’d’a thunk it?
    Anyone who’s read Adam Smith, for openers.

  2. I think the effect of divestment would be minimal in any event. Those who sell assets for noneconomic reasons simply create buying opportunities for those with more rational motivations.

  3. That’s true, but in this case it will also raise the cost of tuition for students. Who are the ones demanding it happen. Good plan, that.

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