Saturday, 16 Nov 2024

Fossil fuel companies donated $700m to US universities over 10 years

Fossil fuel companies donated $700m to US universities over 10 years


Fossil fuel companies donated $700m to US universities over 10 years
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Six fossil fuel companies funneled nearly $700m in research funding to 27 universities in the US from 2010 to 2020, according to a new study.

Those solutions typically include biofuels, carbon capture, and hydrogen, according to the research by the thinktank Data for Progress and the nonprofit group Fossil-Free Research. Oil majors also invest in public policy and economics research that favors deregulation.

The top five schools on the list, include some that champion their climate research, like University of California at Berkeley ($108m), Stanford University ($56.6m) and Massachusetts Institute of Technology ($40.5m), as well as those with long-standing fossil fuel ties, like George Mason University ($64m), the largest recipient of funding from the Koch Foundation.

Asked about the new research, several universities described measures they had taken to mitigate concerns, or pointed to more recent reductions in accepting donations.

The paper was also cited in various congressional hearings about whether or not to lift the US export ban for oil and gas in 2015 (which the federal government did ultimately do).

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