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The X Prize Foundation announced today that it is developing a multimillion-dollar “oil spill cleanup X challenge” to come up with solutions to cleaning up shorelines and open water fouled by oil leaking from the BP Deepwater Horizon rig in the Gulf of Mexico
You acknowledge that X PRIZE makes no representation or warranty that any party will win any X PRIZE contest or achieve any of the goals set forth in any X PRIZE competition. You further acknowledge that, whether or not anyone wins an X PRIZE contest or achieves the goals of an X PRIZE competition, X PRIZE shall retain all payments, proceeds or donations made in connection with any Submissions and that X PRIZE shall retain all rights to the Submissions granted to X PRIZE herein.
Official Statement Regarding Oil Spill Clean-up
The X PRIZE Foundation is considering, but has not yet developed, a multi-million dollar competition to help alleviate the effects of the BP oil spill in the Gulf of Mexico. We are currently consulting with experts and advisors on the viability of this potential competition to incentivize the development of rapidly-deployable methods for the clean-up of crude oil along our coastlines and within our oceans. While the launch of such a competition is not guaranteed, we will announce further details on the development of this competition as they are available. Thank you for your encouragement and support.”