For citizens in countries with less diversified economies, the plummeting oil prices accompanied with the devaluation of local currency forecast harsh economic conditions and social disorder.
Divestment will likely have no significant financial effect on the fossil fuel industry and distracts the public from more concrete reforms that can be made to combat climate change.
NYU and more than 200 hundred other universities signed the American Campuses Act on Climate Pledge to demonstrate their support for action against climate change.
Members of NYU Divest occupied the main floor of Bobst Library to encourage NYU to divest from fossil fuels three years after Hurricane Sandy hit the East Coast.
![[PHOTOS]: Divest demands accountability from NYU in face of climate change](https://nyunews.com/wp-content/uploads/2015/10/IMG_2585-1-900x675.jpg)
