Elon Musk-backed XPRIZE just doled out $100 million to carbon-removal startups as DOGE cuts funding to science-based agencies

Quick Summary:

The Musk Foundation sponsored XPRIZE Carbon Removal, which distributed a total of $100 million.

The prize is being awarded at a time when Musk and his Department of Government Efficiency are making steep cuts to federal funding and staff at the National Oceanic and Atmospheric Administration, the National Weather Service and other science-based agencies that carry out important climate research.

Scientists have been exploring the gamut of so-called geoengineering solutions to climate change, from drying the upper atmosphere to pumping minerals into the ocean to absorb carbon.

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Article Details

Author / Journalist: Tammy Webber, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Environment Health DOGE Philanthropy Elon Musk Carbon Emissions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 17:36:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 157 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28175974

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