Pepsi Refresh Project Launches $1.3 Million "Do Good for the Gulf" Initiative

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There is no shortage of crowdsourced ideas to clean up the Gulf oil disaster, but Pepsi is the first to step in with crowdsourced solutions to help the Gulf communities affected by BP's monumental blunder. The Do Good for the Gulf Initiative--an extension of Pepsi's Refresh Project campaign--will award $1.3 million in grants to projects that help Gulf residents.

Pepsi will accept submissions starting on July 12 for the initiative, which is offering multiple $5,000, $25,000, $50,000, and...