[3] 
[4] This was an April Fool's joke. Do not take it seriously.
Apr. 1, 2013, Riyadh, Saudi Arabia — In an unexpected and unprecedented move 58 year old Saudi billionaire Prince Al-Waleed bin Talal (Arabic: الوليد بن طلال بن عبد العزيز آل سعود) announced he will fund liquid luoride thorium reactor (LFTR) energy research that will be open sourced for the benefit of humanity.
Al Waleed received a Bachelor of Science degree in Business Administration from Menlo College in California in 1979. He then received a Master's degree in Social Science with honors from Syracuse University in 1985. He said he wasn't always rich. He had a tough childhood. He used to ran away for a few days and sleep in abandoned cars in the streets. But after joining the military he learned many valuable lesssons that still guide him. He become one of the the richest people in the world.
To explain the motivation behind funding the thorium research project he said: "I want to be remembered for something grand I did for humanity." After careful consideration of thousands of potential projects he identified Thorium to be one of the most important innovation humanity needs to preserve the planet from the devastating effects of global climate change and to bring about a new age in civilization powered by the clean power of the atom. He got interested in nuclear technology as a way to alleviate suffering in the world and bring wellbeing to people after talking to software billionaire Bill Gates who also supports another type of new nuclear technology.
The Prince pledged to spend 7 billion dollars over 7 years on the research project alone. All findings will be shared in an open source format on a new website called Open Thorium.com [5]. The businessman said there will be no patents protecting the research as he believes his companies that will be involved in the work will benefit greatly from the open source community's help. He also said that companies and governments around the world are welcome to take information from this website freely to build their own reactors as long as they contribute back their learnings.
The main research lab to be built in the next 3 years and will be located in neighbouring Kingdom of Bahrain where the researchers from all around the world will live and work. In addition to the lab he's also planning to build a new University in the city of Al Khobar in the Kingdom of Saudi Arabia that will focus on nuclear science and related fields. This is to ensure there are enough professionals in the region to operate the next generation of power source in the world. The University will provide schoolarships to students from all around the world who can demonstrate dedication to the sciences and the embetterment of human condition as their primary goal in life.
The Prince is planning to build at least 10 LFTR plants in the next decade that will ensure Saudi's leading role in energy generation. Among many things LFTR technology will allow the Saudi Kingdom to desalinate sea water and turn wast expanses of currently unused desert into blooming forests over the next 3 decades.