While many universities proudly talk about how they are fighting climate change, some also invest in and receive donations from the same oil companies that are causing global warming. Experts and students call these schools hypocritical and demand change. CBS News' environmental series "On the Dot" explores the scope of the problem, starting with the University of Texas system, which collected $2.2 billion in oil and gas royalties last year. Drill 'Em Horns: When it comes to sustainability, the UT Austin campus promotes itself as a leader among universities by reducing emissions and waste, saves energy and water resources and builds green buildings. “I still want to commend the university for taking measures to reduce emissions on campus. But that's only a small part of the picture," said Ella Hammersly, a student and climate activist at the university. The bigger picture comes into focus hundreds of miles from the Austin campus, in the oil fields of the Permian Basin in West Texas, where 30 % of US oil is produced. That's where the UT System owns 3,000 square miles of property. On the property, energy companies lease land, extract oil and gas and pay royalties to the university system, which includes Austin and 12 other sites. Oil revenue has helped make the University of Texas the wealthiest public university system in America, with an endowment of $42.7 billion, according to a report by the National Association of College and University Business Officers. Number two is the $18.2 billion Texas A&M System, which will also get a cut in oil royalties from the university's West Texas properties. (David Schechter, Chance Horner, Aparna Zalani, CBC News)