Intentar ORO - Gratis

Kill Trees, Save The Planet

Forbes Middle East - English

|

Sep 2023

Bill Gates and other investors are betting KODAMA SYSTEMS can reduce carbon dioxide in the air by cutting down and burying trees. Now if only Uncle Sam would get onboard with tax credits, too.

- Chris Helman

Kill Trees, Save The Planet

A year ago, Merritt Jenkins moved from Boston to Twain Harte, California, a speck of 2,500 souls in the foothills of the Sierra Nevadas. On his morning commute, he stops at Alicia’s Sugar Shack for a breakfast sandwich (scrambled eggs on rye with avocado), then heads to a 10-acre patch of woods in the Stanislaus National Forest. There, his startup, Kodama Systems, is testing and perfecting its 25-foot-long, 17-ton semiautonomous timber harvesting machine.

Loggers use such machines, known as skidders, to grab tons of cut trees and debris and drag them out of the woods. Kodama’s version is designed to do the job even at night, with fewer workers, using satellite connectivity and advanced lidar (light detection and ranging) cameras, the same type that are used on self-driving cars, to monitor the work remotely. It isn’t easy. “There’s a lot of texture to the trees. Every 10 feet of skid trail is slightly different,” says Jenkins, 35.

But logging in the dark isn’t the most intriguing part of the plans at Kodama, which has raised $6.6 million in seed funding from Bill Gates’ Breakthrough Energy and others. After cutting down the trees, Jenkins plans to bury them—to help slow climate change and to reap salable carbon offsets (and maybe, someday, tax credits too).

MÁS HISTORIAS DE Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

CHICKEN SCRATCH

NO ONE WOULD FINANCE TODD GRAVES' IDEA FOR A RESTAURANT SERVING ONLY CHICKEN FINGERS. SO HE WORKED AS A BOILERMAKER AND SALMON FISHER TO FUND IT HIMSELF. NOW RAISING CANE'S IS ONE OF AMERICA'S HOTTEST FAST-FOOD CHAINS AND GRAVES IS THE COUNTRY'S RICHEST RESTAURATEUR, WORTH $22 BILLION.

time to read

12 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

RIDING THE WAVE

Saudi Arabia's tourism revival under Vision 2030 is creating new opportunities. For Taiba CEO Sultan Al-Otaibi, acting fast is imperative and so is investing $880 million in eight prime projects to keep pace with rising demand.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

CEO Pay Power Play

Executive compensation across corporate America surged in 2024, driven by stock options and performance bonuses.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Gold Rally Pushes 5 Arab Reserves Above $145B

Gold hit a historic milestone in October 2025, surpassing $4,350 per ounce for the first time, fuelled by rising geopolitical tensions and expectations of monetary easing.

time to read

2 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Women Taking Over The Corner Office In 2025

Though women held only 9.8% of CEO roles across S&P 500 companies in Q1 2025, according to Altrata, several notable female leaders have recently taken the helm of major firms globally, from Wall Street to Shanghai, across banking, beauty, aviation, and technology.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

THE MIDDLE EAST'S 100 TOP CEOs 2025

Our fifth annual list of the Top 100 CEOs in the Middle East spotlights leaders whose influence extends far beyond business performance.

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Value & Victory

FINAL THOUGHT - “If your courage rises when difficulties befall, you are made of the stuff that wins.” —B.C. Forbes

time to read

1 min

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

The World's Highest-Paid Soccer Players 2025

Cristiano Ronaldo leads a group of ten footballers collectively earning $945 million this season, but as the sun sets on his legendary career, two young stars are stepping into the spotlight.

time to read

4 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

EMPOWERING INDUSTRIES

Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones (MODON), is reshaping Saudi Arabia's industrial landscape, driving growth across 39 industrial cities spanning over 220 million sqm. His focus: modernizing the sector, empowering SMEs, and positioning the kingdom as a global manufacturing and technology hub.

time to read

5 mins

November 2025 - English - Forbes Middle East

Forbes Middle East - English

Forbes Middle East - English

Brain Man

HERRIOT TABUTEAU combined a Yale medical degree with two decades in finance to start biotech firm AXSOME. Now its success with drugs for neurological disorders has made the Haiti-born immigrant a new billionaire.

time to read

4 mins

November 2025 - English - Forbes Middle East

Translate

Share

-
+

Change font size