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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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The prize focuses on commercial exploitation of the carbon capture process. The prize will be awarded in the winter of 2021. [25] In 2021, Elon Musk of Tesla Inc announced a $100 million prize for development of the best technology to capture carbon dioxide emissions.
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".
The grand prize is a whopping $50 million. For premium support please call: 800-290-4726 more ways to reach us
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 ...
[14] [15] [16] The Verdox, Inc. carbon capture design, created by chemical engineers T. Alan Hatton and Sahag Voskian, [17] [18] [19] co-won a $1 million preliminary prize along with Carbfix (co-founded by geochemist Wallace S. Broecker) from an X Prize Foundation contest funded by SpaceX CEO Elon Musk. [list 1]
Elon Musk says he is giving away $1 million each day to a voter who signs a petition. ... "As the terms of this 'contest' to win $1 million require the recipient to be a registered voter in one of ...