The oil and gas industry plans to perform hydraulic fracturing (โfrackingโ) on college campuses in Pennsylvania, just as it currently does in close proximity to K-12 schools nationwide.ย
But as NPRย demonstrated in a recent report, that’s just the tip of theย iceberg.
โMore than a dozen schools in states as varied as Texas, Montana, Ohio and West Virginia are already tapping natural resources on college campuses,โ the report explains. โThe University of Southern Indiana recently started pumpingย oil.โ
Like Pennsylvania – which has seen higher education budget cuts totaling over $460 million since Republican Gov. Tom Corbett took office in 2010 – nearly all of these states have faced massive cuts in their most recentย budgets.ย
Texas, led by Republican Gov. Rick Perry, saw a $1.7 billion funding cut in its most recent budget cycle. Indiana, led by Republican Gov. Mitch Daniels, was hit with $150 million in higher education cuts in its most recentย budget.
Montana, led by Democratic Governor Brian Schweitzer, was handed $14.6 million in higher education cuts in the most recent budget. And West Virginia, led by Democratic Governorย Earl Ray Tomblin, saw $34 million evaporate from its higher education war chest in its most recent budgetย cycle.
Fracking on Campus a New Fundraising Mechanism, But โYou Can’t Drinkย Moneyโ
Fracking on cash-strapped college campuses in these states has become a new fundraising mechanism and a way to padย endowments.
โโฆ[W]e can put the revenue toward encouraging gifts to the endowment,โ Kristin Sullivan, a spokeswoman at University of Texas-Arlington toldย NPR. โThis is a finite resource. You have to be very wise about how you allocate thatย revenue.โย
The costs associated with fracking on university grounds, though, go far above and beyond revenue it brings into vastly under-funded schools. The climate and ecological costsย are also a huge part of any honestย equation.ย
Or put much more simply, โyou can’t drink money.โ
Photo Credit:ย Wikimedia Commons |ย EMBaero
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