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Are the Oil Barons Panicking? Saudi Arabia to Spend $100 Billion on Renewable Energy

Saudi Arabia, the world's largest oil exporter, may not be panicking quite yet about its ever-declining oil supply--but the country is certainly concerned. Consider: in February, a Wikileaks document revealed that Saudi Arabia might be overstating its oil reserves by 300 billion barrels, and the country recently asked for a slice of the UN's $100 billion climate change fund to help diversify to other energy sources (a galling request from such a wealthy country so dependent on other people not diversifying to other energy sources). And now the kingdom has announced that it plans to spend $100 billion on solar, nuclear, and other renewable energy sources.

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A Community for Ideas

When CEO Bart Steiner and his team started their idea for an innovation community, the country was clearly in need of such a thing. Bulbstorm was started in 2008 under the premise that most people around world have great ideas and passion, but don’t posess all the skills they need to see their ideas through to completion

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Innovative Nature: Baking Biomimicry In

I met Jake Cook after sharing content at the innovative HatchFest.org, a creativity/film festival gathering held in Bozman, Montana. Innovation can happen anywhere and developing communities on their talents is something I have a strong passion for.

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HTC Outsells Apple, Time Warner’s Cryptic iPad Release, Mark Cuban’s Android App, and More…

The Fast Company reader's essential source for breaking news and innovation from around the web--updated all day. Mobile Scavenger Hunt Spices Up NY Library A smartphone apps that inspires patrons to explore the library's prized pieces premiers with an all-night marathon for the first 500 players.

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The 10 Most Innovative Companies in Sports

01 / ESPN > > For integrating new tech like a startup. Sure, it's a behemoth, with a staggering 107 million weekly fans across seven cable networks, a magazine, radio network, podcasts, and various sites

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Jane McGonigal to Find the Future at the New York Public Library

Gaming guru and Reality is Broken author Jane McGonigal is organizing a game to commemorate the New York Public Library's centennial celebration. On May 20th, 500 gamers will spend the night in the main branch of the library on 42nd Street to complete 100 "quests" designed by a McGonigal-directed team.

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Will the Angry Birds Phenomenon Match the Beanie Baby Craze?

The recently released Forbes list of America’s billionaires is chock-full of the usual suspects--oil-magnates, captains of the computer industry, and world-famous financiers. But one person seems incongruous among the bunch. Tied with the ever-present and ever self-promoting Donald Trump as the 153rd wealthiest person in the country is Ty Warner

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Genetically Modified Showdown: Monsanto Sued by Organic Farmers

Imagine if Apple tried to charge you every time you accidentally glanced at an iPhone on the street. That's basically the policy that Monsanto, an agriculture giant whose patented genes are in 95% of all soybeans and 80% of all corn grown in the U.S, enforces. The company is notorious for suing farmers that the company suspects of violating patents in even inadvertent manners

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