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Elon Musk says he'll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way

Posted On: Mar 1, 2021   |   Posted By: Business Insider

Elon Musk says he'll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way

Summary List Placement By way of a simple 11-word tweet , Tesla chief Elon Musk said Thursday he's donating $100 million to develop a prize for the "best" carbon-capture technology, becoming the latest billionaire to throw weight behind the nascent industry.
Musk, the world's second-wealthiest man, didn't say what the prize would entail. He mentioned more details will come next week.
Carbon capture technologies are designed to pull greenhouse gas emissions out of the air or from sources of pollution, such as steelmaking factories, typically as a tool to fight climate change. In many cases, the captured carbon dioxide is recycled to make new products like sustainable fuels.
Musk has hinted in the past at the idea of using carbon-capture technologies to make rocket fuel. Rocket flights will be net-zero in the longterm, he said on Twitter in 2019, by using this approach. More recently he asked his followers for advice on how to spend his fortunes to make a difference.
The Tesla founder is among a growing list...

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