NEWS RELEASE
June 21, 2007
CONTACT: John M. Simpson, (310) 392-0522, ext. 317;(310) 292-1902 (cell)
BP Foundation’s $7.5 million Grant To Stanford Came After Favorable Research Article
Santa Monica, CA — The flow of Big Oil money into American
universities continued this week with the gift of $7.5 million from the
BP Foundation to Stanford University’s Program on Energy and
Sustainable Development, the Foundation for Taxpayer and Consumer
Rights (FTCR) said today.
The gift to finance the study of modern energy markets came
after an earlier $1.8 million from the BP Foundation and a favorable
article in the magazine "Energy Policy" co-authored by the program’s
director, David Victor.
Read a synopsis of the article, "BP’s emissions trading system," first published online in 2005,
here.
"Big Oil is pumping money into research deals at universities
across the country," said John M. Simpson, an FTCR consumer advocate.
"We¿re afraid these huge sums will set the research agenda and give the
oil giants control of any discoveries. That¿s not what academic freedom
is supposed to be about."
UC Berkeley and BP are completing a $500 million deal that will have company scientists doing proprietary research on campus.
"I’m afraid one of the nation’s premier research institutions will become known as UCBP," said Simpson.
Exxon Mobil’s $100 gift million to Stanford University’s Global
Climate and Energy Program made the school one of the first "Big Oil U"
campuses, FTCR said. Among other schools that have joined are UC-Davis’
Bioenergy Research Group with $25 million from Chevron; Princeton’s
Carbon Mitigation Initiative with $15 million from BP; Iowa State
University with $22.5 million from ConocoPhillips and Duke University
with a recent $1 million pledge from ConocoPhillips.
Without giving any details, Stanford’s announcement of the
grant to the Program on Energy and Sustainable Development said the
deal included "special provisions" to ensure the program’s
"independence in setting its research agenda." Read the Stanford news
release here.
"I’m glad to see the acknowledgment of the importance of
research independence," said Simpson. "However, vague promises aren’t
enough; those safeguards must be spelled out publicly if the research
from the institute is to be credible."
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The Foundation for Taxpayer and Consumer Rights (FTCR) is a
non-profit, non-partisan consumer watchdog group. For more information,
visit us on the web at: http://www.ConsumerWatchdog.org. Also check our
energy issues site, www.OilWatchdog.org.
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