guideline changes also played a major role in the matter. For those now wondering, here's a short explainer on the carbon capture topic that Musk is now drawing attention to.
Carbon capture and storage is something of a self-explanatory technology. It involves capturing carbon dioxide and storing it in order to prohibit it from entering the atmosphere. Carbon dioxide emissions have been the source for growing concern over the role they may be playing in climate change and global warming. To combat it, carbon capture technology has become a focus for many trying to help reduce the strain that carbon dioxide emissions have on the environment. Now, the technology has its most notable (and wealthy) advocate yet.
Musk recently announced in a Tweet that he will be donating $100 million for the best carbon capture technology. Musk followed that up with another Tweet explaining that more details will be available "next week." According to TechCrunch, the donation will apparently be connected to the Xprize Foundation, which promotes new improvements in technology and innovations through competition. While the context isn't completely clear yet, it seems evident that Musk is once again prepared to contribute significant funding towards technology that offers the potential to help the environment.
Musk's Massive Donation Is Straight Out Of The Elon Playbook
$100 million is a huge amount of money, especially given the fact that it will be going to a technology that's not considered to be well known by the general public. In fact. to some of Musk's social media followers it may be seen as a move out of left field, since the tech mogul has never mentioned carbon capture technology before on Twitter. That being said, this was almost certainly a calculated move by Musk and one that fits in with past actions.
Musk is, of course, the leader of one of the largest electric vehicle companies in the world. By design, Tesla combats the amount of emissions being released into the environment by motor vehicles. Musk has also repeatedly vocalized the belief that saving the environment is one of the most important tasks facing society today. The Tesla CEO also knows how much influence he has as a public-facing persona, a status that has had both positive and negative ramifications in the past. There's an argument to be made that the attention Musk is now bringing to carbon capture technology is just as important as the money pledged, since an increased focus on a technology that has potentially powerful implications for the environment will ideally promote the advancement of the tech itself. There is also an argument to be made that Tesla's Musk knows all this and made a huge, attention-grabbing statement to trigger that very effect.
Source: Elon Musk/Twitter