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ConocoPhillips and Penn State Partner on Energy Prize Program
1 April 2008
ConocoPhillips and Penn State University are launching the ConocoPhillips Energy Prize, an awards program that seeks to recognize new ideas and original, actionable solutions that can help improve the way the United States develops and uses energy. In its inaugural year, the program will award up to $300,000 in cash prizes and focus on generating innovative ideas and solutions that help in three areas:
Developing new energy sources, including new ways to develop alternative energy.
Improving energy efficiency, such as new methods to significantly reduce the amount of energy consumed in the United States.
Combating climate change, including solutions that reduce greenhouse gas emissions.
Official rules for the 2008 ConocoPhillips Energy Prize are available at www.conocophillips.com/energyprize. Entries will be accepted through 30 May 2008. A panel of energy and environmental judges will select up to five finalists to present their concepts during a two-day awards event in October. Concepts will be judged on the basis of creativity, scalability, commercial viability and sustainability.
April 1, 2008 in Brief | Permalink | Comments (1) | TrackBack (0)
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Posted by: BlackSun | April 01, 2008 at 07:41 PM
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A $300,000 prize?? Is that a typo? Oh that's right, it's still April 1.
That kind of pittance is probably less than the weekly sales of one average filling station.
Oil companies posting tens of billions in profits should be offering energy prizes in the millions. Or better yet, just commercialize what they've developed already. And they wonder why people are quick to blame them for high prices.
This isn't even window dressing. Come on!