More information is needed. It does not specify how the 1 billion will be allocated and it definitely does not say that MEC is going to get it. It is a pretty broad statement with no real details.
As stated in your post:
This issue has got the attention of international companies who are contributing $1 billion towards developing solutions to GHG emissions reduction. Dr.Theo Fleisch from the World Bank who attended this seminar recognized the issues and opportunities in this industry and fully supported this conference.MEC is committed to bridging the gap between the academic world of advanced research in carbon reduction technology and the industry by bringing the best,most economically viable and practical technology to the field.Dr. Theo Fleisch from the World Bank who attended the seminar quoted about the Mobile Refinery Unit.
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