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Correction in Generosity Index Moves Minnesota From 41st to 15th Place • • • • • • |
PHILANTHROPY NEWS DIGEST
BP Amoco, the multinational petroleum and petrochemical concern, has pledged $15 million over 10 years while Ford has pledged $5 million to fund a project called the Carbon Mitigation Initiative (CMI). The goal of the project is to develop and evaluate methods for keeping carbon emissions, the main contributor to greenhouse warming, out of the atmosphere by stowing them safely within the earth, an approach known as carbon sequestration.
While research conducted at Princeton and other institutions in recent years has underscored the enormity of the greenhouse warming issue, it also has revealed specific strategies with the potential to eliminate the problem, said Stephen Pacala, CMI's co-principal investigator.
"To the extent that human activities are driving changes in global climate, we are faced with an awesome responsibility," said Princeton University president Harold T. Shapiro. "The scope of this challenge demands the full participation of universities, corporations and governments," added Shapiro. "That is why I am particularly pleased that BP, Ford, and Princeton are forming a collaboration that harnesses our respective strengths."
"Princeton Receives $20 Million Grant to Address Greenhouse Problem." Princeton University News Release 10/25/2000.
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