Important Innovations

  Musk Offers $100 M Prize For Best Carbon Capture Technology                                                  Source:  Greenhouse Gas Emissions Stock Image                                      Source: Elon Musk Stock Image Global Competition & Need Tesla founder and CEO Elon Musk is offering a $100 million prize for the best new carbon capture technology.  Capturing greenhouse gas emissions is a key component of tackling Climate Change.  But very little progress has been made on the technology to date.  The International Energy Agency says taking carbon out the the air is an essential component for reaching net-zero emissions targets. Entrepreneurial Challenge Elon Musk has become the #1 & #2 richest person in the world from his many entrepreneurial successes.  He founded and is CEO of Tesla, SpaceX, The Boring Company and Neuralink.  He announced the $100 million competition on Twitter.  He promised more details on the challenge this week.  Meanwhile, President Joe Biden is a

  Chevron & Carbon Capture Technology                                                                           Source:  Oil Refinery Stock Image Blue Planet US major oil company Chevron disclosed that it is investing in San Jose, CA based Blue Planet Systems Company.  Blue Planet is a startup that develops and manufactures carbon capture technology.  The technology cuts the carbon output of industrial processes in order to reduce their carbon footprint.  Chevron is making the investment through its Future Energy Fund. The Fund focuses on new, innovative lower carbon technologies being developed by startups that can scale up commercially.  The two companies plan to collaborate on pilot projects with the new carbon capture technology in certain locations.  Chevron did not disclose the amount of  the investment. Big Oil Looking For Low Carbon Solutions Chevron is a traditional fossil fuel energy company.  It and other major oil companies are under growing pressure from investors to c