Elon Musk And Exxon Agree: CCSU Is Set To Explode In 2021

Elon Musk And Exxon Agree: CCSU Is Set To Explode In 2021

There is little question that carbon capture, storage and utilization (CCSU) is destined to become one of America's big growth industries in the years to come. Tesla



TSLA





TSLA





TSLA

and SpaceXfounder and CEO Elon Musk - whose real-time net worth according to Forbes would rank him just behind Jeff Bezosas the world's 2nd-wealthiest man - is so enthused about this looming technological bonanza that he recently committedto putting up $100 million of his personal fortune as an award to the person or company who comes up with the most promising new approach to making CCSU a scalable and workable approach to reducing atmospheric carbon dioxide.

"Am donating $100M towards a prize for best carbon capture technology,“ Musk tweeted to his 42.7 million followers on January 21, following with a second tweet promising to provide details "next week.“ The following week came and went without said details being released, but Musk's history would indicate he wasn't just blowing smoke and that details will be coming soon enough.

The Potential for CCSU in Texas

A week later, Rice University's Baker Institute for Public Policy, in a