In 2002 ExxonMobil announced an investment of $100 million in Stanford University's groundbreaking Global Climate and Energy Project (C-CEP). This 10-year project, with total anticipated investments of $225 million, is cosponsored by a prominent group of global companies in addition to ExxonMobil, including GE, Toyota, and Schlumberger.
The project unites scientific and engineering researchers with private industry from around the world in the search for new commercially viable technologies that can substantially reduce greenhouse gas emissions. By combining precommerical basic research with the practical know-how of major corporations, this unprecedented collaboration plans to push the frontiers of energy technology.
G-CEP has four broad objectives:
- Identify the most promising technologies for low-emissions, high efficiency energy supply.
- Identify barriers to the application of these new technologies on a global basis.
- Conduct research into technologies that will help overcome barriers and accelerate global applications.
- Make research results widely available to the scientific and engineering community through workshops, presentations, and journal publications.
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