ConocoPhillips Energy Prize Winner Announced

ConocoPhillips (NYSE:COP) and Penn State have awarded the first ConocoPhillips Energy Prize to David A. Gonzales II to further develop the Layered MagWheel, a new technology to provide magnetic acceleration and frictionless braking for vehicles, increasing energy conversion and efficiency. 2008 marks the inaugural year of the ConocoPhillips Energy Prize, which recognizes new ideas and original, actionable solutions that can help improve the way the United States develops and uses energy. The Prize focuses on innovative ideas and solutions in three areas: developing new energy sources; improving energy efficiency; and combating climate change. Speaking at the award ceremony, Sig Cornelius, senior vice president, Finance, and chief financial officer of ConocoPhillips, said, “Developing diverse sources of sustainable, reliable... [read full story]