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Home Business and Economics

UK universities accepted at least £89 million from oil firms in last four years

Overall, 36 universities admitted they received funding from eight oil firms, but others refused to say whether they received funding, meaning the total amount of funding could be much higher. 

Andra Maciuca by Andra Maciuca
2021-12-12 15:11
in Business and Economics, Education, News
CAMBRIDGE UNIVERSITY

Photo: SWNS

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Some of the UK’s most famous universities are among those who accepted hefty sums of money from major oil companies over the past four years, a new investigation has revealed. 

According to research from Open Democracy, UK universities took funding worth £89 million from some of the world’s biggest companies, including donations, gifts, grants and research funding. 

Overall, 36 universities admitted they received funding from eight oil firms, but others refused to say whether they received funding, meaning the total amount of funding could be much higher. 

Cambridge and Oxford universities among those who accepted the money

Findings show Cambridge University received over £14 million from oil giants, whilst Oxford was given around £8 million, including large donations to its Said Business School Centre for Corporate Reputation. 

Cambridge University said that since October last year, it accepted money from oil firms only if the collaboration would support the UK’s “transition to decarbonised energy”. 

But Rianna Gargiulo, divestment campaigner at Friends of the Earth, suggested the deal is showing a dark side of the University.  

She told The Guardian: “By accepting millions of pounds in grants and sponsorship from the fossil fuel industry, UK universities are complicit in propping up and legitimising the existence and operations of some of the most harmful companies on the planet.

“The revelation of these sponsorship deals tarnishes the reputations of the UK’s leading academic institutions, including those like the University of Cambridge that have committed to divesting from fossil fuels.”

Meanwhile, Oxford University said that oil donors “have no influence” over academic research and conclusions and defended its collaborations.

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‘No justification’

But Caroline Lucas, the MP for Brighton Pavilion, said: “Let’s be clear – there is no justification for taking money from oil and gas firms and no justification for being complicit in greenwashing of these big corporations.”

Among institutions who disclosed the funding received from oil giants, the highest amount was received by Imperial College London, with £54 million since 2017, including £39 million from Shell, with which the university said it has a “longstanding and fruitful partnership”. 

Imperial College also defended its partnership, arguing it has helped “develop meaningful solutions to climate change” and accelerate their ability to reach Paris agreement targets. 

Edinburgh, Southampton, Bath and Aberdeen universities also took over £1 million each from the oil companies in question.

But some universities refused to reveal details of any links, such as The London School of Economics, who said doing so would “prejudice the commercial interests of the school, by making it more difficult to raise funds from private donors in the future”. 

The University of Surrey also refused to offer details of funding from BP, on the advice of BP itself, who argued the specific amount of money involved is “commercially sensitive”.

Related: REVEALED: The UK dairy brands linked to deforestation in Brazil

Tags: fossil fuelsOxford UniversityUniversity of Cambridge

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