BGN Entrepreneur

Campus PR has become a new secrete recruiting tool. Companies are making their brands visible to young easily affected students via sponsorship.
For example, the government-backed fossil fuel industry recruitment road show rolls into universities and colleges as part of a national tour. Some universities are even tailoring some courses curricular on geology to serve the sponsoring industry. Oil companies may donate buildings, equipment and cash, and sponsor academic posts and staff or student secondments–revenue streams that cash strapped universities can ill afford to refuse. This compromising link between academic research and corporate profit is being encouraged and furthered by government spending priorities.
However, the purposes of some sponsorship from oil companies in research programs, especially the ones about developing alternative energy as solutions to global warming and potentially devastating long-term effects of using fossil fuel on the environment, are widely doubted by people. Are the fossil fuel industries really helping finance the further development of the academic field, or are they just using the sponsorship as a means to get involved in directing researches and training for their own benefits.
A report released on 18th of February in the year 2003 by the New Economics Foundation, Corporate Watch and Platform, subsidized the big oil and gas industry’s massive profits via capturing the most respected UK academic institutions such as such as UCL, Imperial, Glasgow, UMIST and others. The main means for the oil companies to capture academic is through personal connections, donations, funding and employment for graduates. In the report, statistic data shows that:
- Universities contribute about 1000 research projects, worth £67 million, every year to the oil and gas industry.
- 60% of this is funded by public money.
- Oil companies have effectively captured higher education by infiltrating every level of academic decision making: both universities and government priorities boosting corporate profits over solving major public problems such as climate change
This high dependency of some research departments on fossil fuel funding causes wide doubt on the truthfulness of these researches’ findings.

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