Titled Fossil-Fuelled Universities, the 68-page report highlighted linkages between the fossil fuel industry and universities in areas including finance and management.

It was published by Students for a Fossil Free Future (S4F), a coalition made up of 40 students from the National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU), Singapore University of Technology and Design (SUTD) and Yale-NUS College.

According to the report, NUS and NTU both have endowment funds that are "indirectly" invested in fossil fuels.

For NUS, this sum is "at least S$59 million" – a figure the report deduced from a statement given by NUS Investment Office in March 2019 that the university's indirect investment in fossil fuels made up a "low single digit" percentage of its total endowment fund which, as of 2021, stood at S$5.9 billion.

NTU's investments had "minimal exposure to the fossil fuel industry" but the report was unable to put a figure to it as the university did not disclose the size of its exposure compared to its total endowment fund of S$2.5 billion.

The other four local universities contacted by the student coalition - SMU, SUTD, SIM Global Education and Singapore Institute of Technology (SIT) - did not disclose their exposure to fossil fuel-linked assets, the report said.

To read more : Channel News Asia