BP Funds Energy Institute
The energy firm BP (formerly British Petroleum) has announced the creation of the Energy Biosciences Institute and has selected the University of California–Berkeley, the University of Illinois–Urbana-Champaign, and Lawrence Berkeley National Laboratory to lead the effort. In addition to contributing $500 million over ten years, BP will also help to run the institute, which has a stated goal of research into alternative fuels, especially biofuels. If approved by the legislature, the State of California will contribute $40 million to the institute.
Wendt, A. (2007, April 5). BP Funds Energy Institute. Retrieved from https://www.buildinggreen.com/newsbrief/bp-funds-energy-institute