With US/UK relations under strain because of the BP oil spill in the Gulf of Mexico, a group of Brits intends to try and give a helping hand.
Ultra Green, a British-based environmental research and development company, is launching an initiative which it hopes will clean up the oil slick and fund itself by selling the oil it captures.
The company believes it can combine innovative technology with grass roots action to clean up the gulf and provide work for fisherman in the region.
“The plan will provide work for local fishermen and harnessing the enthusiasm and knowledge of the frustrated local community, whose offers of help to BP have so far been largely ignored,” Ultra Green executive chairman told CNBC.
BP shares hit a 14-year low in London Friday after closing lower in New York Thursday.
Ultra Green has pooled its resources with its USA science partner Algaeventure Systems, which has an established relationship with the US military and the US Department of Energy, to provide a rapid and scalable method of clearing up and the oil spill and deploying barriers to protect beaches.