The Paris Climate Agreement was reached in 2015 – a landmark deal to limit our planet’s global heating to well below 2°C and “pursue efforts” to limit warming to 1.5°C. But now, 11 years later, it’s confirmed that this was a lie. Not a single country in the world has pursued efforts that would keep heating to this relatively safe level. And a United Nations report has now confirmed that passing 1.5 of global warming is now inevitable and imminent.
So does that mean it’s game over? How will passing 1.5 affect our world and us? And why does this mean that the fight against climate change is more urgent than ever before.
UK Prime Minister Andy Burnham says ignore facts and reality and be a climate science denier like him. He says that he’s delayed the go-ahead for Jackdaw and Rosebank North Sea oil and gas extraction until after the Holborn and St. Pancras by-election – don’t want democracy interfering with Capitalism.
Robert Garcia speaks in Buena Park, California, in October. Photograph: Etienne Laurent/Los Angeles Times via Getty Images
Robert Garcia, set to become oversight chair, vows to take on president while Senator Ron Wyden signals ‘subpoenas’
Robert Garcia, the Democratic congressman set to become the next chair of the oversight committee of the House of Representatives, had two words for Republicans on Tuesday evening: “Lawyer up.”
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Garcia, who currently serves as the ranking member of the oversight committee, is expected to become its chair.
The House oversight committee serves as a “watchdog” committee and has broad authority to call witnesses, request government documents and issue subpoenas.
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.
“Inequality is soaring, prices are high, and instead of combatting the affordability crisis, this Congress and this president are passing laws that enrich the richest and abandon the rest of us,” writes Hanauer. (Image: Collage Generator)
Who bears the cost of these giant companies paying such a pittance? The American people.
President Trump and his allies in Congress, across two presidential terms, have broken the federal corporate income tax.
They reduced the statutory tax rate to its lowest level since 1939 and lavishly exempted an enormous share of corporate income from taxation. The results?
Last year, the largest profitable corporations in the country paid the smallest share of their profits in federal income taxes since the Institute on Taxation and Economic Policy, the organization I head, began analyzing this over 40 years ago. Extraordinarily profitable companies paid very little and, shockingly, 114 corporations paid nothing at all.
It is likely that most of these corporate CEOs didn’t break any laws. They don’t have to. Their profligate campaign spending elects candidates who are beholden to them.
Who bears the cost of corporations paying such a pittance? The American people.
Our findings should alarm anyone who thinks enormous companies ought to contribute to the government of the country that enables them to profit so much. The report takes the Fortune 1000 and S&P 500 lists of the largest U.S. corporations and examines the 706 of them that reported profits and disclosed enough information to allow analysis of their 2025 federal income tax.
What stands out is not only the number of huge entities paying little or nothing, but the household names.
American Airlines, 3M, Citigroup, CVS, Doordash, Duke Energy, GoDaddy, H&R Block, Hasbro, Honeywell, Live Nation, Palantir, Southwest Airlines, Tesla, United Airlines, and Walt Disney are just some of the 114 companies that paid no federal income tax in 2025.
It wasn’t because they had a bad year. Tesla paid no tax on profits of $5.7 billion, giving Elon Musk his money’s worth from hundreds of millions in political spending. Citigroup paid no tax on profits of $4.4 billion. CVS paid nothing on $8 billion. It’s a nice deal if you can get it.
Along with no-tax corporations, there are plenty of low-tax ones: On top of the 114 zero tax companies, 144 more paid less than 7 percent on their income. Their average rate was 3.1 percent.
This list includes Amazon, AT&T, Coca-Cola, Delta Airlines, ExxonMobil, J.P. Morgan-Chase, Johnson & Johnson, Meta, Microsoft, News Corp., Uber, and many more. Again… profitable companies all.
On average, the 706 corporations in the ITEP report paid 10.4 percent of their profits in federal corporate income tax in 2025, the lowest level in at least 40 years. One reason is that the legal rate is lower than it’s been in over 80 years, down from 35 percent to 21 percent in President Trump’s first term. On top of that are tax subsidies, the breaks that exempt huge profits so corporations pay even less than 21 percent of their profits in taxes.
Every company in our study was profitable. The 706 corporations reported $1.88 trillion in domestic profits last year. At the pre-Trump rate of 35 percent, they would have paid $658 billion in taxes. Between the reduction in the rate and the subsidies, these corporations saved more than $460 billion.
The corporate tax slashing is happening even as federal spending cuts bludgeon our communities.
It is likely that most of these corporate CEOs didn’t break any laws. They don’t have to. Their profligate campaign spending elects candidates who are beholden to them. Their lobbying dictates what elected officials should do. And they profit from the laws that Congress and the President deliver.
The $460 billion in taxes saved by these 706 corporations could have been used to benefit the American people and tackle some of our biggest policy problems. It could have bought Medicaid coverage for more than 55 million people, Social Security for more than 18 million retired workers, or childcare for more than 34 million children.
The corporate tax slashing is happening even as federal spending cuts bludgeon our communities. While Trump’s 2025 tax law will cut $1 trillion in taxes for the richest 1 percent over the next decade, it will also chop $1 trillion from healthcare, forcing higher health insurance costs for Americans and eliminating insurance entirely for millions. Social Security will be insolvent by 2032 unless Congress allocates more resources. And childcare remains a cost-prohibitive essential for young working families.
Enough is enough. Inequality is soaring, prices are high, and instead of combatting the affordability crisis, this Congress and this president are passing laws that enrich the richest and abandon the rest of us.
Campaigners from Fossil Free London, Christian Climate Action and Stop Rosebank gathered outside DESNZ to protest against new oil and gas, October 31, 2026[Pic: Fossil Free London]
HUNDREDS of climate activists rallied outside the Department for Energy Security & Net Zero in London on Saturday, demanding that it rejects an application to develop the North Sea Rosebank oil field.
Activists from Fossil Free London, Christian Climate Action, Stop Rosebank, and Greenpeace also denounced the government’s decision last week to approve the Jackdaw gas field, displaying banners and chanting: “Rosebank? No thanks!”
Fossil Free London director Robin Wells said: “At a time when we need climate action, the government slapped us with Jackdaw. If Rosebank is also approved it would be a climate wrecking ball whose impact would shatter public safety for generations.
“It shouldn’t be anybody’s job to remind those in elected positions that burning more oil and gas is not compatible with a liveable future in which we can enjoy safety in our homes, workplaces and the national parks we love. Fires and heatwaves will only get worse. [Prime Minister] Andy Burnham knows this.”
UK Prime Minister Andy Burnham says ignore facts and reality and be a climate science denier like him. He says that he’s delayed the go-ahead for Jackdaw and Rosebank North Sea oil and gas extraction until after the Holborn and St. Pancras by-election – don’t want democracy interfering with Capitalism.
Billionaire Elon Musk prepares to give $1,000,000 to a Wisconsin voter during a town hall meeting he was hosting at the KI Convention Center on March 30, 2025 in Green Bay, Wisconsin. (Photo by Scott Olson/Getty Images)
“In a democracy, it’s supposed to be one person, one vote, and the more one person can influence, the less egalitarian our system becomes,” said one expert.
Some of the richest people in the US have spent unprecedented sums of money to influence the outcome of the 2026 midterm elections, and a Sunday report in The New York Timesestimated that the top 20 biggest donors alone have spent a combined $2 billion in federal races this cycle.
The single largest funder of the 2026 midterms, by a wide margin, is far-right billionaire Elon Musk, who has shoveled nearly $450 million to help GOP candidates.
In fact, pro-Republican donors account for the five largest individual contributors to midterm races.
In addition to Musk, the other largest donors this cycle are industrialists Richard and Elizabeth Uihlein, who have given $150 million to help elect Republicans; flagship GOP Senate super PAC One Nation, which has spent $138 million; venture capitalists Marc Andreesen and Ben Horowitz, who have given $116 million; and hedge fund investor Jeff Yass, who has given $110 million.
On the Democratic side, the top spenders have been flagship Democratic Senate super PAC Majority Forward, which has spent $104 million, and George and Alexander Soros, who have given $103 million.
The Times’ report echoes an analysis published last week by the Brennan Center for Justice showing that the 40 largest individual donors to the 2026 elections had spent a combined $2.4 billion as of mid-October.
According to Brennan, this represents the single largest amount of money spent on a midterm election ever since the US Supreme Court’s landmark 2010 ruling in Citizens United v. FEC unleashed limitless political campaign spending.
The Brennan analysis reveals that the spending of the very largest donors has grown dramatically over the last decade.
“The donations coming from the top 40 donors for the midterms total eight times the amount from the top 40 donors by mid-October in the 2014 midterms (the first full midterm cycle after Citizens United), adjusted for inflation,” the analysis explains. “The cutoff to be in the top 40 has also increased to 10 times what it was four cycles ago, to $25 million.”
And while the biggest spenders used to favor Democrats, their loyalties have since shifted to the GOP, and in this election cycle “donors loyal to the GOP now give more than three times the amount that reliably Democratic donors give.”
And while labor unions were once at least represented in the list of top 40 election donors, they have since fallen out and have been replaced by donors from the cryptocurrency industry, the Brennan Center analysis finds.
Ian Vandewalker, senior counsel at Brennan and co-author of the analysis, told The Guardian in an interview published Monday that it’s become easier for politicians to be totally beholden to a single large donor while ignoring the needs of voters.
“In a democracy, it’s supposed to be one person, one vote,” Vandewalker explained, “and the more one person can influence, the less egalitarian our system becomes.”
Economist Paul Krugman expressed similar concerns about the influence of big money in US politics, writing on his Substack page Monday that “oligarchy is on the ballot” in the 2026 midterms.
In assessing the massive spending by megadonors on elections, Krugman said the Supreme Court’s Citizens United decision deserved significant blame. However, he said it was also a simple reflection of the fact that the US economy for decades has been rigged to provide benefits primarily to the ultrawealthy.
“Now we… have men big enough to own the government of the United States,” Krugman commented. “This midterm is a test of whether they will get away with it.”
Orcas discuss Donald Trump and the killer apes’ concept of democracy. Front Orca warns that Trump is crashing his country’s economy and that everything he does he does for the fantastically wealthy.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.
Campaigners from Fossil Free London, Christian Climate Action and Stop Rosebank gathered outside DESNZ to protest against new oil and gas, October 31, 2026[Pic: Fossil Free London]
