Thursday, 09 September 2010 06:48

WASHINGTON, June 29, 2010 (Pal Telegraph)- You might be able to get rich quick if you can fix the BP oil spill.

The X Prize Foundation wants to make fixing the BP oil spill a multimillion dollar competition. It has done the same for space, fuel efficient cars and gene-mapping.

Foundation Vice President Francis Beland (BE'-land) says his group is kicking around the idea. They've already received 35,000 unsolicited ideas for fixing the oil spill in the Gulf of Mexico.

Beland told a special oil spill conference Monday that his group is seeking advice from the public on how to handle such a competition. The foundation also has to raise money for a prize. X Prizes are usually $10 million or more.

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Online:

http://www.xprize.org/x-prizes/overview

Thursday, 09 September 2010 06:48

VENICE, June 6, 2010 (Pal Telegraph- Agencies)-– BP Chief Executive Tony Hayward said he did not plan to quit over the massive Gulf of Mexico oil spill, as the energy giant's bid to contain the crude appeared to reach a turning point.

Public and political pressure has been mounting on London-based BP to cap its gushing seabed oil well and take full financial responsibility for the cleanup and damage caused to Gulf coast fisheries, wildlife and tourism.