BP, Ford to help fund CO2 mitigation study

BP announced Wednesday it has provided a 10-year, $15 million grant to Princeton University to study methods of mitigating carbon dioxide emissions from fossil fuels. Ford Motor Co. is also providing a $5 million grant to the study.

The grants will fund research in three areas, a statement said. They are: "capturing carbon before and after use to achieve sharp reductions in the amount released into the atmosphere, determining where to put carbon after it has been captured, and understanding carbon's interaction with the environment over a wide range of time periods extending to hundreds of thousands of years."

"Over the next 10 years [the grants] will engage a large and diverse group of Princeton scientists and students who will focus their research on the impact of excess carbon on our environment," said Princeton Pres. Harold Shapiro.

"The research will span work in geosciences, environmental science, geology, ecology, atmospheric and ocean science, chemistry, and civil, mechanical, and chemical engineering," said a BP statement.