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Fossil fuel ties with universities highlighted by report

UK universities have the equivalent of 拢2,083 per student invested in the fossil fuel industry, a new report has claimed.

Published on
October 21, 2013
Last updated
May 27, 2015

Senior executives from BP and Shell have also been given 20 awards and honorary degrees in the past decade, says Knowledge and Power: Fossil Fuel Universities from the campaign groups People and Planet, Platform and 350.org.

鈥淯niversities offer their credibility for cash when they sign deals sponsoring staff positions, buildings, conferences and lectures with fossil fuel companies,鈥 it says.

鈥淭hese deals play a key role in shoring up the fossil fuel industry鈥檚 public image.鈥

Of universities鈥 拢62.2 billion in endowments, the report estimates that 拢5.2 billion is invested in the fossil fuel industry, usually through pension funds and other financial investments rather than being held directly.

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It criticises a number of universities for having strong links with the industry, including the universities of Oxford, Cambridge, Manchester, Heriot-Watt University and Imperial College London.

The report also accuses universities of giving a platform for oil executives and hosting talks that are 鈥渇requently a thinly veiled advertisement for their company and their industry.鈥

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Universities are also complicit in training oil company staff, designing courses for fossil fuel firms, 鈥減erhaps most significantly, are delivering research which will unlock new fossil fuels鈥.

It offers a number of recommendations, including freezing investment in fossil fuel companies, dropping courses 鈥渄esigned to funnel students into oil, gas and coal鈥 and ending research into fossil fuels.

david.matthews@tsleducation.com

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