Elon Musk's $100M US carbon capture contest offers 'a lot of motivation' for research: Sask. prof Tesla co-founder and SpaceX CEO Elon Musk recently announced he and his charity foundation will spend over $127 million — $100 million US — on a contest that will see researchers create projects to pull CO2 out of the air or ocean. Social Sharing U of Regina engineer 'a bit surprised, but I'm really happy that he's coming around to this kind of issue' Posted: Feb 13, 2021 10:30 AM CT | Last Updated: February 13 Carbon capture is necessary to limit global warming, according to a report by the Intergovernmental Panel on Climate Change, the United Nations' climate change science body.(AFP/Getty Images)