Big Oil - A Different Kind of Story
Five hundred million dollars. Even for big oil, that's quite a lot of money. And that's what BP PLC is investing in the Energy Biosciences Institute, a partnership with the University of California and the University of Illinois to develop new, clean sources of energy.
Teams from UC Berkeley and UI Urbana-Champaign will be working with researchers from Lawrence Berkeley National Laboratory to develop renewable fuels and clean energy. UC Berkeley brings expertise in engineering and life sciences and UI is a leader in crop biology, which makes it a natural for developing biofuels.
To me, it is only common sense for energy companies like BP to get in on the ground floor of new energy technologies. Will oil run out soon? No. But someday in the future this world is going to have to look elsewhere to meet its energy demands. Someday might as well start today.
Comments (1)
Sounds to me like BP is doing this on their own, too. Without the Government's demand. Without more rules and regulations instructing them to do so...Isn't that interesting?.....
Posted by Oiznop | February 7, 2007 11:46 AM