Another Divestment Try

by Jane S. Shaw

Long-time environmental advocate Bill McKibben is organizing college students to try to force their schools to divest their endowments of oil and gas companies. As the Pope Center’s Duke Cheston writes on Minding the Campus, they’re not likely to get very far. Even the much more morally persuasive campaign for divestment of South African holdings probably didn’t have much impact, as a recent study shows. This is a feel-good effort that most colleges and universities, concerned about their endowment incomes, are resisting. This time, satisfying their self-interest makes sense.