‘Capitalism incarnate’: inside the secret world of McKinsey, the firm hooked on fossil fuels

Interviews and analysis of court documents show how the world’s most prestigious consulting firm quietly helps fuel the climate crisis

Two giant, mirrored walls are set to rise out of the sands of the Arabian desert. They will run parallel for more than 100 miles from the coast of the Red Sea through arid valleys and craggy mountains. Between them, a futuristic city which has no need for cars or roads will be powered completely by renewable energy.

This engineering marvel, its creators say, will usher in “a revolution in civilization”. It’s the jewel in the crown of a $500bn Saudi government project known as Neom, turning a vast scrubland into a techno-utopia and world-class tourist and sporting destination. Perhaps a harbinger for the end of oil, it will supposedly put the powerful petrostate at the forefront of the energy transition. For American consulting giant McKinsey & Company, its advising on this project appears to be making good on the firm’s green promises.

Topics

Secret Video Shows Top Climate Change Conference Official Promising to Facilitate Fossil Fuel Deals
World - Yahoo News - November 8
Big oil firms knew of dire effects of fossil fuels as early as 1950s, memos show
World - The Guardian - November 12
Frustration grows at fossil fuel influence and structure of UN climate talks. Some call for reform
Health - ABC News - November 15
Trump win invigorates fossil fuel industry
Politics - The Hill - November 12
2024 Fossil Fuel Emissions Are Headed for a Record
World - The New York Times - November 13
Fossil fuel pollution hits record high: Research
Politics - The Hill - November 13
Fury at climate talks over ‘backsliding’ on fossil fuels
Top stories - BBC News - Yesterday

‘Capitalism incarnate’: inside the secret world of McKinsey, the firm hooked on fossil fuels

Topics

Related

Secret Video Shows Top Climate Change Conference Official Promising to Facilitate Fossil Fuel Deals

Big oil firms knew of dire effects of fossil fuels as early as 1950s, memos show

Frustration grows at fossil fuel influence and structure of UN climate talks. Some call for reform

Trump win invigorates fossil fuel industry

2024 Fossil Fuel Emissions Are Headed for a Record

Fossil fuel pollution hits record high: Research

Fury at climate talks over ‘backsliding’ on fossil fuels

More from The Guardian

Cop29 live: talks into overtime as Greta Thunberg says people in power ‘about to agree to death sentence’

Putin says Russia will use experimental missile again after Ukraine strike

Deadly air strike on central Beirut after Israel hits Lebanon in north and south

Emperor penguin that travelled 3,000km to West Australian beach begins long journey home

Trump picks hedge-fund investor Scott Bessent for treasury secretary