Elon Musk says he will give $100 mn to whoever creates the best carbon capture technology

Tesla and SpaceX CEO Elon Musk teased his latest philanthropic endeavor: a contest aimed at encouraging more innovative carbon capture technologies.

Musk recently asked his Twitter followers for advice on how to best give away his money. "Am donating $100 mn towards a prize for best carbon capture technology, details next week."

FYI in 2012, Musk signed the Giving Pledge, an initiative launched by Bill Gates and Warren Buffett that asks signatories to donate at least half of their wealth within their lifetimes. It is estimated by Forbes that Musk has donated just $100 mn so far - less than 1% of his net worth.

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