"We contribute to peace by giving a formidable platform to the laureates to promote their work, especially if we've given it to grassroots activists.
The tale in Nobel circles is that for several years, footage of his celebrations was shown to future laureates to inform them how not to behave on stage.
He went on to say that "selling the campus to Laureate that was built with donations and maintained from tuition paid by previous students is unconscionable".
There will be more nontechnical information to make laureates' scientific research understandable to nonspecialists.
So, last year, he started Points for Peace, an initiative that partners with the nonprofit Peace Jam to fly Nobel laureates to children who might benefit from their guidance.
At one point, De Caro compared himself to Nobel laureates.
But he added that Monday's news overstates the financial blow to future laureates.
Since 1969, 45 prizes have been awarded to 74 laureates; Ragnar Frisch from Norway and Dutchman Jan Tinbergen were the first.
Between 1901 and 2013, 94 Nobel Peace Prizes were awarded to 126 laureates.
In the statement, Obiang appears to suggest that laureates will have to funnel the award money back into their research.
