ABSTRACT Somalia is often referred to as a ‘failed state’. In addition to ineffective governance, feeble economic development, and a large anti-government insurgency, it faces increasingly severe climate change-induced devastation. This article offers a critical discussion of the role of capitalist interests and ideology as a factor in the climate crisis. It explores interlocking issues of (1) the relationship between the ruling political class of Somalia and capitalist mining interests; (2) the largely covert US-backed ‘war on terror’ in Somalia; and (3) the ongoing, capitalism-induced climate crisis. The article analyses current US and Somali proposals to address these issues. Many of these proposals remain trapped in the politico-ideological deadlock of capitalist developmentalism, oriented towards fossil fuel extraction and militarised accumulation. The trajectory of this current path in Somalia is leading to immiseration, oppression, displacement for millions of people, and the destruction of an already deteriorating environment. Alternative paths to avert these catastrophes require transnational solidarity, cooperation and assistance.