Environmental investors are calling Uber and Lyft's bluff when it comes to going green

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'They're actually putting more cars into the congested areas, and they're pulling business out of the transit systems,' said one portfolio manager.

Academics and city planners are still studying whether the companies will help reduce carbon emissions by making better use of existing vehicle fleets, or increase them by clogging traffic and diverting riders from trains and buses.

Joshua Brockwell, a director at Azzad Asset Management, which also factors environmental issues into investment decisions, said both companies also face the issue of drivers"deadheading," or driving around in between fares. Research shows mixed results. A 2017 University of California at Davis study found ride-hailing boosted use of commuter rail but pulled people away from buses and light rail. In addition people often used the apps to take trips they previously made by walking, biking, taking public transit or not taking at all.

Lyft executives including Chief Policy Officer Anthony Foxx said that the company has taken other steps to combat congestion such as showing bus arrival times on its smartphone app and investing in bicycles and scooters. Lyft also says it spent millions of dollars on carbon offsets in 2018, and supports transit infrastructure.

 

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Do it. Ride sharing is to expensive. That is for rich busy drunks.

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