Five hundred million dollars is a lot of money -- especially for a public university. When the giant oil company BP announced Feb. 1 that it had chosen the University of California, Berkeley, to lead the largest academic-industry research consortium in U.S. history, University of California officials appeared giddy.
If the deal is approved, BP, formerly known as British Petroleum, will give $500 million over 10 years to create a multidisciplinary Energy Biosciences Institute at UC Berkeley. Berkeley would partner with… more