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"It's time for our universities to become real climate leaders," said one organizer, "and cut ties with the fossil fuel industry once and for all."
Students at universities and colleges across the U.S. have long demanded that their schools cut ties with the fossil fuel industry as planetary heating has increasingly been linked to extreme weather and pollution-causing emissions have continued.
New findings released by student researchers with the Campus Climate Network on Wednesday, said the organization, "add more detail and evidence to what these students have already been campaigning for—fossil fuel funding has no place in universities' climate research."
The students spoke at a virtual press conference titled "Big Oil's Stain on Our Universities," presenting research compiled in six reports regarding fossil fuel industry ties at Columbia University, Princeton University, Cornell University, American University, University of North Carolina at Chapel Hill, and University of California San Diego.
The six institutions have collectively received more than $108 million in direct funding to the fossil fuel industry, published more than 1,500 academic articles and papers funded by oil giants, and count 10 people affiliated with the industry among the members of their university governance boards, according to the research—which follows the first-ever literature review of investigations into Big Oil's links to higher education, published in the peer-reviewed journal WIREs Climate Change earlier this month.
Columbia and Princeton were by far the biggest recipients of fossil fuel money, accepting more than $43 million each from companies and their foundations.
Sunrise Columbia, the Sunrise Movement's chapter at the university, published a report presented at Wednesday's press conference, detailing how Hess Corporation—an oil and gas company acquired by Chevron—was the largest fossil fuel donor to the prestigious university. The company contributed more than $15 million to Columbia from 2005-24.
Koch Family Foundations, "which have spent hundreds of millions to finance groups promoting climate denial," and liquefied natural gas (LNG) firm Cheniere Energy were also major contributors.
Fossil fuel money at Columbia has gone toward funding the Center on Global Energy Policy (CGEP), the School of International and Public Affairs, and the university's Climate School—which "powers innovative research in the science, consequences, and human dimensions of climate change."
"CGEP, the Climate School, and Columbia repeatedly claim to produce unbiased, reputable research to advance climate solutions. Many of our findings directly contradict these missions."
The Climate School has received $741,967 from fossil fuel giants since it was established in 2020.
"CGEP, the Climate School, and Columbia repeatedly claim to produce unbiased, reputable research to advance climate solutions," reads the report. "Many of our findings directly contradict these missions—from Columbia being named explicitly by a BP [vice president] as essential for their outreach and influence to being specifically mentioned as a producer of biased research, Columbia has fallen short," said Sunrise Columbia.
At Princeton, student researchers wrote that the university "legitimizes and financially supports the fossil fuel industry," continuing to invest "approximately $700 million in privately held fossil fuel companies without justification," even after divesting its endowment of fossil fuel holdings worth $1 billion.
The report notes that the school's New Jersey campus "has not been spared" from extreme weather that's growing more frequent as the planet gets hotter and scientists warn that limiting planetary heating to 1.5°C is getting less likely.
"Last summer, our campus was shrouded by smoke from incinerated Quebecois pine trees, smoke that turned the sky a burning orange. Outdoor workers on and off campus were hit hardest," wrote the students. "Floods nearby destroyed transport infrastructure and made it harder for our community members to come to campus to work or to learn. Scorching temperatures at the start of each fall semester make it difficult to think."
But while students, faculty, and staff have suffered the effects of fossil fuel extraction, major fossil fuel companies including BP, Exxon, Shell, and TotalEnergies have spent more than $43 million on research at Princeton, funding papers containing "explicit applications for continued or expanded fossil fuel use."
At the virtual press conference on Wednesday, Campus Climate Network research manager Maddie Young said the articles detailed in the six reports focus primarily on methods for fossil fuel extraction, methods and "benefits" of "false solutions" like carbon capture, and extending and upholding "the social license of the fossil fuel industry to operate."
"So these might be articles that are connected to healthcare or health research and promote the image of corporate social responsibility connected to the fossil fuel industry," said Young, "and allow them to continue to leverage these relationships to universities and to greenwash their own image and present themselves as socially responsible."
The student researchers recommended that Princeton prohibit all research funding from the industry and complete divestment from all oil, gas, and coal companies, as well as cut ties with Petrotiger, a fossil fuel company that Princeton "appears to own," having earned nearly $140 million in the last 10 years in investment income and direct contributions.
"These recommendations are all within Princeton's power to achieve," said the student researchers. "The university must act upon these items with the urgency the climate crisis demands."
Young, who is also a student organizer at American University, said the student-authored reports are "only the beginning—we have a strong, national student movement that will continue to expose and cut the ties with Big Oil."
“It's time for our universities to become real climate leaders," said Young, "and cut ties with the fossil fuel industry once and for all."
"Oil companies who are delaying climate action and pouring more fuel on the fire of global heating are using Big Tobacco's old playbook and trying to pass themselves off as patrons of sport."
Aramco, the state-owned Saudi firm, has the most sports sponsorships of any fossil fuel company in the world, with $1.3 billion in active deals, followed by Ineos, TotalEnergies, and Shell, according to a Wednesday report that compares the industry's methods to those once used by Big Tobacco.
The 23-page report, Dirty Money: How Fossil Fuel Sponsors Are Polluting Sport, details one of the ways in which countries and corporations "sportswash" their reputations: sponsorships of popular athletes, teams, events, or leagues. Other means of sportswashing, such as Saudi Arabia's development of a new golf tour and purchase of major soccer clubs, aren't included in the analysis, which was produced by the New Weather Institute (NWI), a climate think tank.
Aramco, which is about 98% owned by the Saudi Arabian government, is the most profitable company in the world and is responsible for over 4% of global carbon emissions since 1965, the most of any firm. It pays out more than $300 million per year in sports sponsorships in motorsports, soccer, golf, and cricket, with active deals worth about $1.3 billion over their lifespans, the report says.
Overall, the report authors found 205 sponsorship deals by the fossil fuel industry worth a total of $5.6 billion.
"Oil companies who are delaying climate action and pouring more fuel on the fire of global heating are using Big Tobacco's old playbook and trying to pass themselves off as patrons of sport," Andrew Simms, NWI's co-director, said in a statement.
The report emphasizes the negative impact fossil fuel companies have not just on the climate but also, more immediately, on public health—and the ability to play sports—citing research that shows the burning of their products leads to millions of excess deaths per year.
"Air pollution from fossil fuels and the extreme weather of a warming world threaten the very future of athletes, fans, and events ranging from the Winter Olympics to World Cups," Simms said. "If sport is to have a future it needs to clean itself of dirty money from big polluters and stop promoting its own destruction."
The dirty money polluting sport - our new report on how oil and gas companies are exploiting sport even as they destroy the climate conditions for it 👇👇👇 https://t.co/d4AItJnglv
— Andrew Simms (@AndrewSimms_uk) September 18, 2024
The term sportswashing, related to whitewashing and greenwashing, has gained use in the last decade as a way of describing efforts to distract attention from wrongdoing through affiliation with popular sports. Critics often levy the charge at Saudi Arabia and other Gulf states.
Saudi Arabia's sovereign wealth fund, which draws financing from Aramco, has reportedly spent more than $2 billion on its LIV Golf tour in the last three years. Saudi Arabia is expected host the World Cup in 2034, and neighboring Qatar did so in 2022, spending over $200 billion.
Saudi Arabia and Aramco have long been accused of greenwashing. Yet poor environmental credentials aren't their only public relations issue. The country, in addition to sourcing its wealth from planet-destroying fossil fuels, is led by an authoritarian regime that has a terrible human rights record, one under more scrutiny since the 2018 killing of Saudi journalist Jamal Khashoggi, who worked for The Washington Post.
In response to the sportswashing critique, Saudi leaders have been blunt and defiant.
"If sportswashing is going to increase my GDP by 1%, then we'll continue sportswashing," Crown Prince Mohammed bin Salman, the country's de facto leader, told Fox News last year.
In addition to Aramco, the NWI report focuses on three Western fossil fuel companies. Shell and Ineos, two U.K.-based multinationals, each spend more than $100 million per year on sponsorships in a wide variety of sports. TotalEnergies, a French multinational, spends more than $60 million.
The NWI report recommends that sports organizations institute tobacco-style bans on fossil fuel sponsorships and improve due diligence on donors and sponsors.
"Our report clearly lays out the way carbon capture tax credits rig the system in favor of the oil and gas industry to the tune of billions of dollars," one expert said.
As the U.S. moves to invest in climate solutions, is the money going toward projects that will meaningfully reduce emissions and transition the nation's energy system away from fossil fuels?
A report released Wednesday by worker-owned corporate accountability and environmental justice research organization Empower found that just 34 carbon capture and storage (CCS) projects in Texas could receive between $3.2 billion and $33 billion in annual tax subsides.
At the same time, most of the carbon dioxide pipelines in the state are managed by the major oil and gas companies like Kinder Morgan, Occidental Petroleum, and ExxonMobil that played a disproportionate role in creating the climate crisis in the first place.
"Carbon capture and storage is the most expensive and least effective carbon mitigation solution. It's really not where we need to be investing our money," said Paige Powell, the policy manager at Commission Shift, at a press briefing announcing the new research. "And the public dollars coming from the federal government to fossil fuel companies are our dollars, our taxpayer dollars that could be better spent elsewhere."
"I think it's important for us to ask ourselves, if carbon capture is receiving so much public dollars, why is there little public input?"
For its report, Empower turned up 98 carbon dioxide-related projects in the state of Texas, including 47 pipelines and 13 Class VI Geological Storage projects. These projects are currently primarily funded through tax breaks and U.S. Department of Energy (DOE) subsides; the report authors found little evidence of any private investments.
"Our report clearly lays out the way carbon capture tax credits rig the system in favor of the oil and gas industry to the tune of billions of dollars," Empower's Samuel Rosado said in a statement. "Public funding and tax breaks are the largest sources of revenue for CCS projects. Without the massive federal investment, the private sector deems most CCS projects unprofitable."
The main tax credit for CCS is the 45Q tax credit, which assigns a dollar amount for every metric ton of carbon dioxide captured and permanently stored. While this credit was first created by the Energy Improvement and Extension Act of 2008, the Inflation Reduction Act expanded it, raising the credit to $85 per metric ton. At the same time, the Infrastructure Investment and Jobs Act earmarked more than $8 billion for the DOE's CCS programs.
"These are the key bills that were enacted that enabled CCS to be at least more financially available than it previously was," Rosado said in the briefing.
Yet climate and accountability advocates are concerned that the money is being misdirected.
Powell noted that CCS technology had been around for 50 years, but had failed to advance.
"All of these projects have been largely unprofitable, and they haven't expanded the way that renewables and other climate solutions have, primarily because the technology is problematic," Powell said. "It's unsafe, it's fraught with mechanical failures, and not to mention wildly expensive when compared to other climate solutions."
Dominic Chacon of the Texas Campaign for the Environment said that industry boosting of CCS amounted to a form of "greenwashing."
"It is essentially a marketing PR branding ploy to downplay the obvious risks associated with fossil fuels, to try and rebrand this industry as something that we need for the future," Chacon said.
Autumn Hanna, the vice president of Taxpayers for Common Sense, noted that there was a history of fraud in past allocation of CCS subsidies.
"A Treasury investigation found that from 2010 to 2019, 90% of tax credit claimants failed to comply with IRS [Internal Revenue Service] and EPA [Environmental Protection Agency] requirements," Hanna said in a statement. "Instead of throwing good money after bad, we should focus our limited resources on climate solutions we know are safe and effective."
At the same time, most federal CCS subsides actually ended up going toward injecting carbon dioxide into depleted oil wells in order to extract even more oil, which is currently the only profitable use of the technology.
"Continuing to funnel these subsidies and tax breaks to the oil companies, which mostly use it to extract more fossil fuels, really weakens its supposed climate benefits," Hanna said in the briefing.
In Texas specifically, there are concerns about the safety of CCS infrastructure and its impact on ecosystems and communities, given the state's weak regulatory culture.
"We need to chart a new course here in Texas and in Washington to incentivize climate solutions that actually work."
"Our state oil and gas regulator, the Railroad Commission of Texas, is reluctant to oversee the industry in a way that protects people and the environment," Powell said.
The Empower report found that 19 CCS projects overlap with at least 24 million acres of water, threatening both coastal and river environments. The report authors also ran into a lack of transparency.
After filing Freedom of Information Act (FOIA) requests to the Environmental Protect Agency to access data about CCS projects, they received documents with entire pages redacted on the behest of the companies and with the permission of the EPA.
"This is very dangerous when it comes to corporate accountability and transparency on environmental issues, because entire pages were redacted from FOIA requests and public information requests that are incredibly important for communities and safety in these communities," Rosado said.
The advocates called for greater transparency and accountability around public financing for untested and expensive climate solutions.
"I think it's important for us to ask ourselves, if carbon capture is receiving so much public dollars, why is there little public input?" Chacon asked. "There is no public transparency on this technology."
Hanna called for putting "the breaks on the whole thing until we start to really answer some big questions that are out there instead of just autopilot expansions and extensions that carry huge costs and, again, leave us with these big questions and this lack of transparency and oversight."
Community organizations in the Lone Star State are petitioning the EPA to reject the Texas Railroad Commission's request to have primary oversight over CCS projects in the state.
"Allowing Texas to continue down this path is irresponsible and only serves oil and gas interests. That's why it's critical that the Environmental Protection Agency not hand over regulation of dangerous CCS projects to the Railroad Commission of Texas, which has shown that it's in the pocket of fossil fuel companies, which stand to profit while putting our communities at risk," Powell said in a statement. "We need to chart a new course here in Texas and in Washington to incentivize climate solutions that actually work."
To that end, Commission Shift is also urging concerned residents to comment on new EPA draft permits for CCS projects in the Permian Basin.
"Let them know we need an extension to review the permits and that we really just don't want these here in the Permian, it's not the right place for all these projects," Powell said.
"Two years on from the signing of the landmark biodiversity plan, we continue to finance our own extinction, putting people and our resilience at huge risk."
Governments across the world now spend a total of $2.6 trillion per year on subsidies that harm the environment, jeopardizing global climate and biodiversity targets, according to an analysis released Tuesday.
The analysis came in an updated report from the research group Earth Track, which found that harmful fossil fuel subsidies top $1 trillion annually and harmful agricultural subsidies top $600 billion. Governments also fund pollution and destruction in sectors such as water, construction, transport, forestry, and fisheries.
The $2.6 trillion total, which the report authors said was likely an underestimate, marked an $800 billion increase—or about $500 billion in real dollars—from $1.8 trillion cited in the initial report, released in February 2022.
In December 2022, the world's nations agreed to the Kunming-Montreal Global Biodiversity Framework, a deal that included, as target 18, a commitment to identify environmentally harmful subsidies (EHS) by 2025 and reduce them by $500 billion by 2030.
"Two years on from the signing of the landmark biodiversity plan, we continue to finance our own extinction, putting people and our resilience at huge risk," Christiana Figueres, the United Nations' chief climate diplomat when the Paris agreement was signed in 2015, told The Guardian. "Estimates are higher than previously thought—with at least $2.6 trillion now funding the destruction of nature, endangering the chances of meeting our nature and climate goals."
Private interests usually benefit from the harmful subsidies. Bill McGuire, an emeritus professor of earth sciences at University College London, responded to Earth Track's findings by spelling out this out.
"Want to know how criminally insane our political-economic system is?" he wrote on social media. "We are actually paying corporations to destroy the planet."
Global spending on subsidies that harm environment rises to $2.6tn (£2tn).
Subsidies for fossil fuels, deforestation, over fishing, intensive farming, water pollution.
Companies and shareholders profit, people pick up the tab for consequences.https://t.co/g7VCeA4SLI
— Prem Sikka (@premnsikka) September 18, 2024
The report shows the massive scale of government investment in EHS across the world, with the $2.6 trillion total for 2023 amounting to about 2.5% of global gross domestic product.
Other estimates of EHS have been even higher. An International Monetary Fund working paper last year estimated that fossil fuel subsidies alone amount to $7 trillion annually. Subsidies are difficult to quantify as some are implicit, such as not applying an excise tax on fossil fuels that damage the environment.
Report co-author Doug Koplow of Earth Track told Common Dreams that the IMF paper included more externalities "rather than just fiscal subsidies," based on his recollection.
The Earth Track report found that increased global fossil fuel subsidies following the Russian invasion of Ukraine were the main reason for the $800 billion increase since the last report was written. "This example highlights the sensitivity of EHS to macroeconomic conditions," the report says.
In a statement, Koplow emphasized the importance of the cross-sectoral analysis, arguing that sectors, such as agriculture, are too often looked at in isolation. "It is the combined effect of subsidies to these sectors that compound to drive loss of nature and biodiversity resources," he wrote.
The analysis comes amid an onslaught of extreme weather this year that's been made more likely by fossil fuel-driven climate breakdown. Large-scale flooding devastated Central Europe this week, killing more than 20 people. The planet has seen record temperatures for 15 straight months.
Biodiversity loss also continues apace, with experts calling for strong action as the COP16 meeting of the United Nations Convention on Biological Diversity is set to begin in Colombia on October 21.