Universities took £89m from oil firms in last four years

New research by openDemocracy has found that some of Britain’s most prestigious universities are among those to have shared in funds totalling at least £89 million (US$118 million) from major oil companies in the last four years, write Jenna Corderoy, Martin Williams and Michael Savage for The Guardian.

Oxford, Cambridge and Imperial College London are among the universities to have been given funding from some of the world’s biggest companies, according to the research. It found that Imperial College London had accepted £54 million since 2017 – by far the most of any institution surveyed. Cambridge University received more than £14 million from oil giants, while Oxford got almost £8 million. These include large donations to Oxford’s Said Business School Centre for Corporate Reputation.

In recent months there has been increasing pressure on institutions to break links with fossil fuel companies. Last month, more than 40 senior academics and scientists signed an open letter vowing not to work with the Science Museum over its financial ties to major oil corporations.
Full report on The Guardian site