Elon Musk Wants To Help Save The Planet In His Spare Time. Tesla CEO Earmarks $100 Million For Worldwide Carbon-Capture Contest.

SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award, in Berlin, Germany, Tuesday, Dec. 1, 2020. (Hannibal Hanschke/Pool via AP)

When you have a lot of money, it makes it fairly easy to give a substantial amount of it away for good causes. Most uber wealthy people have grave concerns about the planet, which is why folks like Bill Gates, Jeff Bezos and now Elon Musk aggressively hand out fortunes for people working on ways to save or prolong life on it. Musk announced his latest endeavor this week, one in which he’s putting up $100 million for.

The world’s second richest person is launching a contest that he hopes will encourage more innovative carbon-capture technologies, and he’s putting his money where his mouth is.  He tweeted out some subtle details about it.

“Am donating $100M towards a prize for best carbon capture technology,” Musk posted on Twitter, with an added caveat that he would be providing more details “next week.”

In case you’re wondering, Musk has signed the Giving Pledge, the endeavor started by Gates and Warren Buffet that encourages the richest people in the world who sign their pledge to donate at least half of their wealth during their lifetime. If Musk were to do that, we’re talking almost $100 billion, an incredible sum that has the potential to benefit so many people. In typical Musk fashion, he had recently reached out to his social media followers for tips on how specifically to give some of his money away to good causes. ”Critical feedback is always super appreciated, as well as ways to donate money that really make a difference (way harder than it seems).”

This carbon-capture contest could potentially play a major role in fighting climate change, which just so happens to be a pet project of new U.S. President Joe Biden.

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