X Prize offers $1.4 million for Gulf oil spill cleanup ideas

The X Prize Foundation is offering $1.4 million for technology that can improve the methods for surface oil cleanup by at least 50 percent.

Matt Stamey/The Houma Courier/AP
Waves splash around yellow hard boom and oil-saturated absorbent boom in Timbalier Bay, La. Thursday. The X Prize foundation has announced a $1.4 million prize for oil spill cleanup ideas.

Do you have an idea on how to clean up the oil spill in the Gulf of Mexico? It could earn you $1.4 million.

A new X Prize Foundation competition is challenging entrepreneurs, innovators and scientists worldwide to develop better technology to aid the cleanup efforts.

The Oil Cleanup X Challenge is funded by Wendy Schmidt, president of the Schmidt Family Foundation, a philanthropic organization dedicated to advancing clean energy and the more sustainable use of natural resources.

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"With tens of thousands of ocean oil platforms across the globe, and billions of barrels of oil being transported every day by tankers, it's not a question of 'if' there will be another oil spill, but 'when,'" Schmidt said in a statement.

"We need to come up with better solutions to capture oil on the surface, to minimize the harm these spills are causing to marine life, coastal wetlands, and beaches and to our livelihoods — a harm that can last for generations.”

According to the contest rules, technology developed throughout the year-long competition must improve the methods for surface oil cleanup by at least 50 percent. Technologies created for the challenge could also go toward other efforts not limited to the Gulf, such as cutting back on the impact of future oil spills from tankers, offshore drilling rigs and waste disposal.

“The feeble technology we have right now has not changed since the IXTOC spill happened 30 years ago in the Gulf,” said Philippe Cousteau, the grandson of famed filmmaker and environmental activist Jacques-Yves Cousteau, who was a panelist during a Webcast press conference held in Washington D.C. on Wednesday to discuss the competition details.

Costeau – the co-founder and CEO of EarthEcho International and co-founder of Azure Worldwide, a strategic environmental design, development and marketing company – said that a potential spill in areas such as the Arctic “would be truly horrific” and would make the BP incident look “like a picnic.”

“Our oceans are on life support,” he continued. "We have treated the ocean as a place for toxic waste. We’ve heard nothing but doom and gloom for the past few months. We’ve also heard the spill isn’t that bad, but that’s rubbish.”

In the past, the X Prize Foundation has sponsored challenges to develop spacecraft and build fuel-efficient vehicles.

“This challenge is us saying we aren’t going to wait until someone is going to do it," Cousteau said. "We will be empowered and will find the solutions.”

IN PICTURES: The Gulf oil spill's impact on nature

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