BHP Billiton and University College London (UCL) are banding together to establish an Institute for Sustainable Resources in London and an International Energy Policy Institute in Adelaide.
According to the miner, these establishments will “drive research into the issues faced by the resources sector from which innovative responses can be developed”.
Under the terms of the agreement BHP Billiton Sustainable Communities, a charity created by the miner, will provide US$10 million to UCL over the next five years to create the two institutes and fund research, fellowships and scholarships.
BHP group executive Andrew Mackenzie said the funding reflects the miner’s commitment to supporting education.
“The two new institutes will spur new thinking into the complex issues created by the growing demand for commodities and provide a new forum in which industry and the research community can collaborate. I’m delighted we can work with UCL and some of the brightest talents with a passion for the sector,” Mackenzie said.
UCL vice-provost Michael Worton stated that the “creation of an Institute of Sustainable Resources at UCL will create a focused research and training environment”.