Remove Congo Remove Environment Remove Financing
article thumbnail

LIVE BLOG: Tesla 2023 Cyber Roundup (Annual Shareholder Meeting)

Teslarati

16:08 CT – The shareholder now asks if Tesla would be open to extending its vehicle’s financing terms. Elon Musk notes that the banks are the ones that are deciding on its vehicles’ financing. 15:42 CT –”Tesla is not immune to the global economic environment,” Musk cautioned. It’s going well,” Musk said.

Tesla 141
article thumbnail

Live Blog: Tesla (TSLA) 2021 Annual Meeting of Stockholders

Teslarati

The CEO also adds that Tesla’s finances should be even better, especially as FSD matures. A member of the Sisters of Good Shepherd New York cites the human rights impact of cobalt, a controversial material that still sees child labor in the Congo region. A diverse workforce is shown to create a more innovative environment,” she said.

Tesla 145
article thumbnail

Mexico forms state-run company to mine lithium: Litio para Mexico

Green Car Congress

The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources.

Mexico 284
article thumbnail

UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

For example, two-thirds of all cobalt production happens in the Democratic Republic of the Congo (DRC). It has also contributed to environment degradation, landscape damage and soil contamination, groundwater depletion and pollution. This has forced local quinoa farmers and llama herders to migrate and abandon ancestral settlements.

Batteries 545
article thumbnail

Volkswagen joins “Cobalt for Development” initiative

Green Car Congress

Volkswagen says that it is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo (DRC) as well as the living conditions for people in the surrounding communities. Artisanal mining involves risks to the environment and people.

Congo 334
article thumbnail

BMW Group, BASF SE, Samsung SDI and Samsung Electronics launch cross-industry project to support sustainable cobalt mining

Green Car Congress

As part of a cross-industry initiative, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics have launched a joint cobalt pilot project in the Democratic Republic of the Congo. This fully privately financed project seeks to pilot an approach to address challenges in artisanal mining.

Congo 236
article thumbnail

BMW Group commissions study on sustainable lithium extraction

Green Car Congress

The aim of the University of Alaska-Anchorage and University of Massachusetts-Amherst study will be to investigate the impacts of lithium extraction on the hydrologic environment in Latin America. BASF SE is contributing to finance the study. Two-thirds of the world’s lithium reserves are found in Latin America.

BMW 199