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Tesla Inc (NASDAQ: TSLA) CEO Elon Musk plans to donate $100 million in prize money towards the best carbon capture technology.What Happened: The billionaire tweeted his intentions to give away the ...
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On 13 December 2021, company CEO Elon Musk announced that the company was starting a carbon dioxide removal program that would convert captured carbon into rocket fuel, [87] [88] after he announced a $100 million donation to the X Prize Foundation the previous February to provide the monetary rewards to winners in a contest to develop the best ...
Funded by Elon Musk and the Musk Foundation, the $100 million carbon removal competition is the so far largest incentive prize in history. It is aimed "to inspire and help scale efficient solutions to collectively achieve the 10 gigaton per year carbon removal target by 2050, to help fight climate change and restore the Earth’s carbon balance".
Verdox — carbon capture. On February 2, 2022, Breakthrough Energy agreed to join an investors syndicate providing $80 million in capital to Verdox, Inc., a startup company attempting to scale a new carbon capture and removal platform developed at the Massachusetts Institute of Technology —one of five carbon capture technology investments ...
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Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include ownership of X Corp., the company that operates the social media platform X (formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
It was projected to reduce roughly 1.38 billion metric tons of carbon dioxide through 2047, along with tens of thousands of tons of other harmful air pollutants. Industry groups and Republican-controlled states have filed legal challenges to a host of EPA rules including this one and Trump’s victory means the Justice Department is unlikely to ...
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