Energy Institute Update on financial links with fossil fuels and arms corporations

The Energy Institute has introduced an environmental policy and shifted its governing council toward renewable energy expertise, but it maintains significant financial ties to the fossil fuel industry through memberships and event sponsorships. While it no longer invests in arms companies, its investment transparency remains limited, and it has not committed to a formal policy excluding all fossil fuel investments.

• The Energy Institute has ceased investing in arms companies, though it lacks a formal commitment to exclude them in the future.
• Investment transparency for the Energy Institute is low; only 19% of its holdings are known through top ten lists, making it impossible to determine the exact proportion of investments held in fossil fuel companies.
• The Energy Institute maintains active financial links with numerous fossil fuel companies via membership fees and event sponsorships, including Aramco, BP, Chevron, ExxonMobil, Shell, and TotalEnergies.
• The Energy Institute's governing council has seen an increase in renewable energy representation, with seven of 13 members now involved in renewable energy research or practice, while six of 13 maintain links to fossil fuels.
• The organization has adopted an energy and environmental policy aiming for a science-based target aligned with the UK's 2050 net zero target and has transitioned its head office to 100% renewable electricity.
• The Energy Institute continues to accept sponsorship from companies with ethical concerns, such as Petrofac, which pleaded guilty in October 2021 to seven offences of failing to prevent bribery.

APA

Scientists for Global Responsibility (2022). Energy Institute Update on financial links with fossil fuels and arms corporations. https://www.sgr.org.uk/sites/default/files/2022-03/Energy_Institute_progress_report.pdf

Chicago

Scientists for Global Responsibility. Energy Institute Update on financial links with fossil fuels and arms corporations. 2022. https://www.sgr.org.uk/sites/default/files/2022-03/Energy_Institute_progress_report.pdf.

Wikipedia

{{cite report |author=Scientists for Global Responsibility |title=Energy Institute Update on financial links with fossil fuels and arms corporations |date=March 2022 |url=https://www.sgr.org.uk/sites/default/files/2022-03/Energy_Institute_progress_report.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{scientistsforglobalresponsibility2022energy, author = {{Scientists for Global Responsibility}}, title = {{Energy Institute Update on financial links with fossil fuels and arms corporations}}, institution = {Scientists for Global Responsibility}, year = {2022}, month = mar, url = {https://www.sgr.org.uk/sites/default/files/2022-03/Energy_Institute_progress_report.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }