technology firm focused on accelerating and expanding the exploration process for cobalt and other so-called battery metals, including nickel.
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The search occupies the minds of a growing army of geologists, software engineers, and data scientists at KoBold Metals, a U.S. In an effort to simultaneously save the planet and turn a profit, an enterprise funded by-among others-a swashbuckling half-trillionaire group that includes Bill Gates, Jeff Bezos, and Michael Bloomberg has set its sights as far afield as Greenland, whose citizens may eventually embrace such lucrative pursuits too. And as cobalt’s value skyrockets, so does the significance of its role in the economic contest between Beijing and Washington. sanctions, alongside reviews of multiple financial and corporate documents, indicate Gertler has continued to try to circumvent restrictions, even as he receives royalties from the company that operates KOV. But Vanity Fair interviews with banking officials and experts in enforcing U.S. One of his lobbyists, Trump impeachment lawyer Alan Dershowitz, has insisted that Gertler has complied with U.S. financial institutions and is largely barred from the international banking system. As a result, Gertler, who is Israeli, is prohibited from using U.S. Although Gertler found brief reprieve in the final days of the Trump administration, courtesy of Steven Mnuchin, Biden administration officials swiftly reimposed sanctions. Treasury used an NGO’s calculations that indicated Gertler was responsible for stiffing the DRC on more than $1.3 billion in lost revenue between 20 alone. Department of Justice and the Commodities and Futures Trading Commission, as well as Britain’s Serious Fraud Office, Switzerland’s Office of the Attorney General, and the Netherlands Public Prosecution Service. sanctions for allegedly corrupt deals, while Glencore, the Swiss-based commodities giant and current majority owner and operator of KOV, faces ongoing investigations from the U.S. Meanwhile, Gertler and dozens of companies linked to him are under U.S. human rights organization filed suit against Tesla, Apple, Dell, and other tech giants on behalf of the families of 14 children killed or injured mining in the DRC the lawsuit was dismissed in November. But the green gold has become a dirty business-bad enough that Elon Musk has vowed to engineer cobalt out of his vehicles-with a small coterie of individuals and companies growing immensely wealthy from the DRC’s resources at scant benefit to ordinary Congolese people.
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