ConocoPhillips Donates $1M to University of Houston

HOUSTON -- ConocoPhillips donated $1 million to the University of Houston (UH). The money will be used to propel the university's UH Energy Research Park, which is intended to be a comprehensive research and education facility for the energy industry.

According to Physorg.com, ConocoPhillips plans to donate another $1 million in both 2012 and 2013. The University of Houston is honoring this year's donation by renaming Building 9A in the UH Energy Research Park as the ConocoPhillips Petroleum Engineering Building.

"We are extremely proud to make this gift in support of University of Houston's new home for petroleum engineering study and research," said Carin S. Knickel, ConocoPhillips' vice president of human resources. "We are excited to be able to contribute to the university's vision for a world-class petroleum engineering department as a cornerstone in its focus on energy. We view the new undergraduate engineering program as an excellent opportunity to expand the pool of top-quality and diverse engineering graduates in support of our industry's needs for the future."