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BP has pledged to put $500 million into a new research program that will investigate how bioscience can boost energy production and reduce energy's environmental impacts. A number of institutions have been selected to join with BP in the new Energy Biosciences Institute including the University of California Berkeley and its partners the University of Illinois, Urbana-Champaign and the Lawrence Berkeley National Laboratory.

Energy giant BP (who remembers that this stands for British Petroleum?) has taken another step towards the biofuel economy by joining the Biotechnology Industry Organization's Industrial and Environmental Section, BIO announced Wednesday. The companies in this group, "... are all committed to renewable energy production and sustainable industrial development and they recognize industrial biotechnology is a key driver for a cleaner, greener and more secure future," said BIO President & CEO Ji