From: Reuters
Published November 17, 2007 02:40 PM

Saudi to give $300 million for environmental research

RIYADH (Reuters) - Top world oil exporter Saudi Arabia will give $300 million for research into helping the environment by lowering emissions, its head of state King Abdullah said on Saturday.

"We will give $300 million for research into helping the environment," he said in a speech during a summit of OPEC heads of state which is taking place in the Saudi capital.

The idea of funding research into ways to curb emissions while allowing the continued use of fossil fuels has been floated in forums ahead of the summit.

(Reporting by Andrew Hammond; Writing by Alex Lawler; Editing by Alison Williams)

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