BP, Ford award University $20 million for research
NEW YORK ? British Petroleum and Ford Motor Company officials announced yesterday a $20-million grant to the University to fund a project called the Carbon Mitigation Initiative.The grant ? which will finance a research project at the Princeton Environmental Institute to develop solutions to the greenhouse problem ? is the largest corporate grant the University has received in its more than 250-year history.BP is pledging $15 million and Ford Motor Company has earmarked $5 million for the project, which will develop and evaluate methods for keeping carbon dioxide emissions ? the main cause of global warming ? out of the atmosphere.To that end, PEI researchers will investigate carbon sequestration ? the process by which harmful carbon dioxide is stored safely within the Earth.Research will also focus on producing new non-polluting fuel options."The scope of this challenge demands the full participation of universities, corporations and governments," said President Shapiro of carbon-emissions reduction.




