Oil & Gas

McKinsey Employees Demand Carbon Tally: NYT

More than 1,100 McKinsey & Co employees have signed an open letter to the consulting firm’s top partners, urging them to disclose how much carbon their clients spew into the atmosphere, The New York Times reported.

Among the 100 biggest corporate polluters over the past half-century, McKinsey has advised at least 43 in recent years, including BP, ExxonMobil, Gazprom and Saudi Aramco.

McKinsey’s work with these companies is often not focused on reducing their environmental impact, but rather on cutting costs, boosting productivity and increasing profits.

Read the full report: The New York Times

READ MORE:

ExxonMobil Calls for Carbon Price, Working On CCS Projects in Asia

Gazprom Considers Second Gas Pipeline to China

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

Recent Posts

Japan to Pump $4.9bn Into Second TSMC Chip Factory Plan

Another plant in Japan would expand TSMC’s capacity there to more than 100,000 12-inch wafers…

7 hours ago

China, EU in Auto, Raw Materials Cooperation Talks

Beijing says it is willing to work with Brussels despite rising tensions over China’s state…

11 hours ago

China Warns Market Rule-Breakers: ‘We Will Punish You’

The country’s Securities Regulatory Commission said penalties will be severe as it cracks down on…

11 hours ago

Nvidia Worth $2 Trillion as AI Fever Grips US, Asia Markets

The firm consolidated its position as the US’s third most valuable firm after its market…

1 day ago

India’s Push For Tariffs on Data Transfers Alarms Chip Giants

Tariffs on an innumerable number of transfers of chip design data across countries, would raise…

1 day ago

China Facing a WikiLeaks-Style Crisis From Hacking Firm’s Data

The data gives unprecedented insight into China's hacking campaigns and appears to confirm repeated warnings…

1 day ago