A report in The Ecologist from Scientists for Global Responsibility, written by Dr Stuart Parkinson.
“Britain’s largest science and engineering event for young people – the ‘Big Bang Fair’ – attracts 80,000 people a year. Its main organiser is EngineeringUK, the professional body responsible for the public promotion of engineering.
So far, so good. But there’s a catch. The ‘lead sponsor’ for 2020 – and indeed for every year since the fair’s inauguration in 2009 – is BAE Systems, the biggest arms corporation outside of the USA, key supplier of strike planes to the Saudi Arabian military – whose bombing raids have killed so many civilians in Yemen – and the lead contractor for the new UK’s new nuclear-armed Dreadnought submarines.
Disturbingly, this is not an isolated case of significant financial links between some of the world’s most controversial corporations and the UK’s professional bodies in engineering and science. Other examples are provided by the school education programmes run by the Royal Academy of Engineering, the nation’s most prestigious engineering body.
Data published in the Academy’s own annual report showed that over 70 percent of the external funding it recently received for its school education programmes was from fossil fuel corporations.
Furthermore, almost all of the downloadable teaching resources provided by the academy on its website involved arms corporations, the armed forces and/or promoted military technologies.
Then there’s the Energy Institute, the professional body for those working across the energy supply and demand sectors. Its most high-profile activity each year is ‘International Petroleum Week’ – one of the world’s biggest events for the oil and gas industry, generating income for the institute measured in the millions of pounds. Recent sponsors included Rosneft, Russia’s controversial state-controlled oil company.
These are some of the findings of a new report by Scientists for Global Responsibility (SGR) on the financial links between the fossil fuel and arms industries on the one hand, and some of the UK’s leading professional engineering and science organisations on the other. The range and extent of the links has not been documented until now.
Nine PESOs ran school education programmes which had some involvement with the fossil fuel industry, the arms industry or both. Three of these nine bodies had especially high levels of involvement – the Royal Academy of Engineering, EngineeringUK, and the Energy Institute.
In addition to the examples mentioned above, EngineeringUK has received funding of at least £1m from Shell for its programme, ‘Tomorrow’s Engineers’.
We found that four PESOs, including the Energy Institute and EngineeringUK, held high levels of investments in the fossil fuel industry.
As we were launching our report, we were able to extract additional data on the investments held by the Royal Society. The society admitted that it held a minimum of £16 million in the fossil fuel industry, and that the actual holdings could be a lot higher. Of 20 PESOs in our study, only one – the British Psychological Society – had an ethical investment policy which restricted investment in the fossil fuel or arms industries.
Five other PESOs held no investments in these industries due to their practice of not holding investments listed on stock exchanges or similar. …..”
The full article can be found through the link at the top of this article.