Word: exxon
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...Exxon Corporation will provide the Massachusetts Institute of Technology (MIT) with about $8 million over the next ten years for research in combustion science...
...agreement, which took effect March 1, calls for the Exxon Research and Engineering Company, an Exxon affiliate, to provide $500,000 this year and $750,000 in subsequent years, for the MIT research...
Adel F. Sarofim, professor of engineering at MIT and a director of the Exxon-sponsored research project, said yesterday one of the project's goals is to discover clean combustion techniques for fossil fuels such as coal, coal liquids, shale oil and heavy crude oil. The fuels now require heavy preliminary refining...
Under the agreement MIT has the right to file patents on all technology developed from the research, but Exxon may use them without costs...
Most of Big Business Day was more predictable. Nader denounced U.S. corporations as "legal Frankensteins" that usurp human rights; a local labor leader declared a union war on business. In the National Visitor Center Gallery at Union Station, a "Corporate Hall of Shame" was erected for eleven companies, including Exxon, Citicorp and Du Pont...