Elon Musk pledges $50 million to Inspiration4 fundraiser for St. Jude

SpaceX CEO Elon Musk poses with the crew before the launch on September 15, 2021.

John Kraus / Inspiration4

SpaceX CEO Elon Musk helped meet the St. Jude Children’s Research Hospital’s Inspiration4 spaceflight fundraising goal just hours after his company brought the crew back from orbit.

The main goal of the Inspiration4 mission, which started on Wednesday and came down on Saturday, should raise $ 200 million for St. Jude.

Inspiration4 Commander Jared Isaacman, a billionaire entrepreneur who bought the flight from SpaceX, personally donated $ 100 million to St. Jude. The Inspiration4 mission raised an additional $ 60.2 million in donations before Musk pledged to contribute $ 50 million of his own – bringing the campaign total to more than $ 210 million.

“Count me in for $ 50 million,” Musk said in a tweet on Saturday.

The historic Inspiration4 mission with a private crew spent three days in space and carried Isaacman, pilot Sian Proctor, medical officer Hayley Arceneaux and mission specialist Chris Sembroski. The crew circled the earth at an altitude of 590 kilometers, which is above the International Space Station and which has traveled the furthest above the surface in years.

The space flight reached several milestones, including: the first private SpaceX space flight, the first fully non-professional crew to become astronauts, the first black female spaceship pilot, the youngest American astronaut to date, and the first person to fly in space with a prosthesis.

The Inspiration4 passengers pose in the crew access arm of Launch Complex 39A at NASA’s Kennedy Space Center in Florida. From left: Commander Jared Isaacman, Medical Officer Hayley Arceneaux, Pilot Sian Proctor and Mission Specialist Chris Sembroski.


Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Sign in to get started Try it for free today.

Fb pledges to revive extra water than it makes use of by 2030

Mark Zuckerberg, Chairman of Facebook, speaks on the second day of the 56th Munich Security Conference. The fight against propaganda campaigns and other attempts at manipulation costs Facebook billions every year.

Tobias Hase | Image Alliance | Getty Images

Facebook announced on Thursday plans to return more water than it uses by 2030, the company’s latest initiative against climate change.

The company primarily uses water to cool the computer banks that run in its data centers. In 2020, according to Facebook, it removed 3.7 million cubic meters of water – a volume equivalent to nearly 1,500 Olympic-sized swimming pools – or a total consumption of 2.2 million cubic meters.

Facebook intends to focus its efforts on regions that utilize local water resources, but it is also exploring high-risk areas that are facing the greatest challenges in terms of their water supply, said Sylvia Lee, Facebook’s water sustainability director.

“When you look at the biggest effects of climate change – some of the really big ones like forest fires, droughts, floods – everything is ultimately related to water,” Lee said in an interview.

Extreme weather events have become increasingly common around the world, from forest fires in Facebook’s home state of California to historic storms and record heat waves.

The United Nations Climate Panel launched one earlier this month bad report calls for immediate action. The agency warned that limiting global warming to almost 1.5 degrees Celsius or even 2 degrees Celsius above pre-industrial levels will be “unattainable” in the next two decades without reducing greenhouse gas emissions quickly and on a large scale. The report states that heat extremes at 2 degrees Celsius would often reach critical tolerance levels for agriculture and health.

Big tech companies, which use a lot of energy in their data centers and are growing much faster than the overall economy, are announcing their plans.

Apple called Wednesday It supports a clean energy standard proposed by the Biden government to eliminate greenhouse gases from power plants by 2035. Facebook rival Snap announced its own climate strategy in March to reduce greenhouse gas emissions and buy back 100% renewable energy. In 2019, Amazons Jeff Bezos revealed “Climate Promise”, and said he anticipates 80% of the company’s energy consumption will come from renewable sources by 2024.

Outside the tech industry, companies are like 3M and Pespi made a similar pledge to protect water supplies. 3M joined the Water Resilience Coalition earlier this month and is committed to using its resources to improve water supplies. Pepsi promised earlier this month to replenish more water than it uses by 2030.

Facebook has previously launched water restoration projects in New Mexico, Arizona, Texas, Utah, Oregon, and California. This includes funding to support the Colorado River Indian Tribes System Conversation Project to maintain and stabilize the water levels in Lake Mead, Arizona. The company is also helping plant 70,000 trees in California to restore areas burned by forest fires in 2018.

Going forward, Facebook announced that it would expand its water restoration efforts in Ireland, Singapore, India, the UK and Mexico.

“When we focus on water restoration, we focus on projects that go into the same watershed we’re involved in,” said Lee.

The company plans to review its water restoration efforts through LimnoTech, a sustainability consultancy. Facebook will keep the public informed of its efforts annually Sustainability reports.

Earlier this year, Facebook announced that it had been achieved Net zero emissions and that’s it now 100% dependent on renewable energies. In September 2020, the company set itself the goal of becoming net zero throughout the supply chain by 2030.

SEE: Facebook’s co-creator of its Diem on Digital Wallet Push cryptocurrency

Why economists and activists are dissatisfied over pledges

(LR) President of the European Council Charles Michel, US President Joe Biden, Japanese Prime Minister Yoshihide Suga, British Prime Minister Boris Johnson and Italian Prime Minister Mario Draghi pose for the official welcome and family photo of the heads of state and government during the G7 Carbis Bay Summit on June 11, 2021 in Carbis Bay, Cornwall.

Leon Neal | Getty Images News | Getty Images

LONDON – A three-day meeting between the heads of state and government of some of the world’s richest nations was a failure, according to some economists and activists who argue the group fell short of its own standards to agree on comprehensive action to combat the climate crisis and Covid-19 pandemic.

The leaders of the G-7, a group of the world’s largest so-called advanced economies, issued a joint statement on Sunday pledged to enact measures on Covid-19 vaccines, China and global corporate tax.

The guides met after meeting in the seaside town of Carbis Bay in Cornwall, England promised another billion Covid vaccine doses either directly or through the World Health Organization over the next 12 months COVAX to plan.

The communique on Sunday also urged China to “respect human rights and fundamental freedoms, particularly with regard to Xinjiang and those rights, freedoms and a high degree of autonomy for Hong Kong, which are enshrined in the Sino-British Joint Declaration and the Basic Law” .

The G-7 pledged to eradicate their contribution to the climate emergency, reaffirmed their commitment to achieving net-zero greenhouse gas emissions by 2050, and vowed to eliminate most of coal energy. It also supported a minimum tax of at least 15% on large multinational corporations to prevent companies from using tax havens for tax avoidance, a US-led initiative

The announcements have been considered significant by groups such as COVAX and the Confederation of British Industry, the latter of whom said the summit “rekindled the belief that the international community can come together in a spirit of cooperation to address the great problems of our time. “

However, critics say the promises are not new, there is a lack of detail and some are simply inadequate.

“The G7 leaders have completely failed to face the challenges of the world,” said Nick Dearden, director of the Global Justice Now campaign group. “After a diplomatic weekend, they just repeated their own inadequate climate goals and failed to meet their own inadequate global vaccination goals.”

“This G7 summit has been, by and large, a pointless exercise without making significant progress in addressing the crises of our lives. This summit proves beyond any doubt that the G7 is unsuitable for its purpose, ”said Dearden.

The G-7 consists of Great Britain, Canada, France, Germany, Italy, Japan and the USA. The EU, which sends the Presidents of the European Commission and the European Council, also participates. Australia, India and South Korea were also invited this year.

“Cracks are still there”

The summit was seen as a unique opportunity for policymakers to meet in person and agree on the actions necessary to address some of the most pressing global issues such as the ongoing coronavirus and the climate crisis.

The communique did not contain a detailed country-specific commitment or a timetable for the implementation of the global Covid vaccination campaign, and many of the commitments had been agreed in advance.

In a statement on Monday, Paul Donovan, chief economist at UBS Global Wealth Management, described the G-7 as a “selfie summit”.

“The focus of the G7 meeting (the photo opportunity) seemed to be going well. The rest of the meeting expertly whitewashed the cracks,” he wrote.

Speaking to CNBC’s Squawk Box Europe, Donovan added, “We didn’t have the same direct, big impact. We had a lot of vague statements.”

“The rifts may not be as deep this time around because of the change in leadership in the United States and the fact that the US is playing a more active role, but the rifts are still there,” he said.

Extinction Rebellion (XR) activists take part in the Sound The Alarm march during the G7 Cornwall Summit June 11, 2021 in St Ives, Cornwall, England.

Jeff J. Mitchell | Getty Images News | Getty Images

The world’s richest countries have come under severe criticism for access to vaccines amid the pandemic.

A number of groups have pushed for the waiver of certain intellectual property rights in Covid vaccines and treatments, including the WHO, health experts, former world leaders and international medical charities.

India and South Africa jointly submitted a proposal to the World Trade Organization in October last year calling on politicians to facilitate the production of Covid treatments on site and to press ahead with the global vaccination campaign.

Several months later, the proposal was blocked by a small number of governments – including the EU, the UK, Switzerland, Japan, Norway, Canada, Australia and Brazil.

Success of COP26 “hangs in the balance”

“We have heard warm words about a green Marshall Plan and the ambition to vaccinate the world, but that goes far behind what is necessary.” said Patrick Watt, Director of Politics, Public Affairs and Campaigns for Christian Aid, a UK charity.

“This is a partial plan, not a Marshall Plan,” said Watt, arguing that the G-7 leadership has made no real progress on aid pledges, comprehensive debt relief, climate finance and “vaccine apartheid”.

“The success of the COP26 climate summit is now pending. There is still time for rich nations to put together a solidarity package that will overcome these interconnected crises. Without it, the COP will fail.”

Politicians are among are Increase pressure to deliver on promises made under the groundbreaking 2015 Paris Agreement ahead of this year’s COP26, due to take place in early November in Glasgow, Scotland.