fossil fuel funding at Princeton

Fossil fuel funded research at Princeton increased by 15% in 2023. Since 2000, ExxonMobil and BP together have given over $35 million to the Andlinger Center for Energy and the Environment and the Climate Mitigation Initiative (CMI) at Princeton University. From 2017-2022 the University received $26.2 million in funding research from eleven oil and gas companies, with most of that coming from Exxon-Mobil and BP. Over the last 5 years, approximately 50 fossil-fuel related companies have recruited on campus.

Dissociation was announced in September, 2022. Princeton said it would no longer have a "financial reslationship" with 90 coal and tar sands companies. 80 of those were companies Princeton had never interacted with. The other 10 were: Adaro Energy Indonesia Tbk PT, Canadian Natural Resources Ltd, Exxon Mobil Corp. Guanghui Energy Co. Ltd, NRG Energy, Inc, Oxbow Carbon LLC, Suncor Energy, Inc, Syncrude Canada Ltd., Thoroughbred Resources LP and TotalEnergies SE. In a February 2024 update, the University reinstated 2 of those 10 companies, including TotalEnergies SE, responsible for the EACOP pipeline.

In 2023, (fiscal year July 2022 – June 30th 2023), Princeton received $4,467,748 from 4 fossil fuel companies out of a total of $297,899,708 in sponsored research funding or 1.49%. This is an increase of 15% over the previous year.

BP International Limited $3,395,501

ExxonMobil Research and Engineering Co. $848,140

Shell Oil Company $119,942

Syncrude Canada Ltd. $104,165

In 2022 out of a total of $279,372,533 in sponsored funding, Princeton received $3.860,873 or 1.38% from 5 fossil fuel companies:

BP International Limited $2,381,049

ExxonMobil Research and Engineering Co. $1,328,528

Shell Oil Company $15,788

Syncrude Canada Ltd. $122,822

TOTAL E&P Research & Technology USA, LLC $12,686

In 2021, out of a total of $255,935,599 in sponsored funding, Princeton received $3,836,135 or 1.5% from 5 fossil fuel companies:

BP International Limited $2,088,995

ExxonMobil Research and Engineering Co. $1,389,644

Shell Oil Company $150,483

Syncrude Canada Ltd. $61,937

TOTAL E&P Research & Technology USA, LLC $145,076

Over the last 5 years, approximately 50 fossil-fuel related companies have recruited on campus.
A number of Princeton trustees have links to fossil fuel companies.

Princeton Annual Funding Reports

2023 - pages 23-27 - total value fossil fuel funding $4,467,748

2022 - pages 25-31 - total value fossil fuel funding $3.860,873

2021 - from page 26 - total value fossil fuel funding $3,836,135

2020 - from page 25

2019 - from page 24

2018 - pages 32-33, 56, 60, 82, 95, 143

2017 - pages 31, 51, 52,58, 88, 89, 130