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Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. They laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

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A gas flare is seen at an oil well site on July 26, 2013 outside Williston, North Dakota. Gas flares are created when excess flammable gases are released by pressure release valves during the drilling for oil and natural gas. (Photo: Andrew Burton/Getty Images)

A gas flare is seen at an oil well site on July 26, 2013 outside Williston, North Dakota. Gas flares are created when excess flammable gases are released by pressure release valves during the drilling for oil and natural gas. (Photo: Andrew Burton/Getty Images) 

New UN Report Highlights 'Absolutely Critical' Need to Dramatically Slash Global Methane Emissions

"Reducing human-caused methane emissions is one of the most cost-effective strategies to rapidly reduce the rate of warming and contribute significantly to global efforts to limit temperature rise to 1.5°C."

Brett Wilkins

The critical importance of reducing global methane emissions, including those generated by the fossil fuel industry, is more significant than previously understood, according to a report published Thursday by the United Nations Environment Program. 

"We need international cooperation to urgently reduce methane emissions as much as possible this decade."
—Inger Andersen, UNEP

The new global methane assessment (pdf) concludes that slashing a pollutant that is 84 to 87 times more potent than carbon dioxide over a 20-year period is a crucial step needed to tackle the climate emergency.

According to the report, cutting methane emissions dramatically is relatively inexpensive and could be accomplished by repairing leaking fossil fuel pipelines, preventing natural gas venting during drilling, capturing gas emitted by landfills, and reducing animal agriculture. 

"Reducing human-caused methane emissions is one of the most cost-effective strategies to rapidly reduce the rate of warming and contribute significantly to global efforts to limit temperature rise to 1.5°C," an executive summary of the report states, referring to the more ambitious goal of the Paris climate agreement.

"Available targeted methane measures, together with additional measures that contribute to priority development goals, can simultaneously reduce human-caused methane emissions by as much as 45%, or 180 million tonnes a year (Mt/yr), by 2030," the summary continues. "This will avoid nearly 0.3°C of global warming by the 2040s and complement all long-term climate change mitigation efforts."

"It would also, each year, prevent 255,000 premature deaths, 775 000 asthma-related hospital visits, 73 billion hours of lost labor from extreme heat, and 26 million tonnes of crop losses globally," it adds. 

In a statement announcing the new report, UNEP Executive Director Inger Andersen said that "cutting methane is the strongest lever we have to slow climate change over the next 25 years and complements necessary efforts to reduce carbon dioxide."

As Common Dreams reported last month, a study published by the U.S. National Oceanic and Atmospheric Administration revealed that both carbon and methane emissions rose in 2020 to levels unseen on Earth for more than three million years, despite the temporary reduction in global emissions due to the coronavirus pandemic. 

"The benefits to society, economies, and the environment are numerous and far outweigh the cost," Andersen said Thursday. "We need international cooperation to urgently reduce methane emissions as much as possible this decade."

"It is absolutely critical that we tackle methane and that we tackle it expeditiously," she stressed. 

Environmental groups weighed in on the new report, with Center for Biological Diversity population and sustainability director Stephanie Feldstein noting the impact of animal agriculture on methane emissions.

"Methane from meat and dairy production has been ignored for far too long even though it's a leading source of climate pollution," Feldstein said in a statement. "Americans eat three times the global average of meat. We can't lower methane emissions with unproven half-measures that cater to the ag industry. We have to reduce meat consumption and production if we're going to effectively address agricultural methane."


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Schumer Endorses 'Inspiring Community Leader' India Walton as Buffalo's Next Mayor

The U.S. Senate majority leader's move comes as some key New York Democrats refuse to back the democratic socialist.

Jessica Corbett ·


'Who Will You Throw Overboard?' Manchin Targeted for Trying to Sink Democratic Agenda

West Virginians gathered at the senator's yacht to demand that he stop blocking the "popular and needed" Build Back Better package.

Jessica Corbett ·


'We Shouldn't Do It at All': Manchin Admits He's the Enemy of Democrats' Ambitions

The right-wing West Virginia Democrat and fossil fuel investor has previously confessed his intent to quash his own party's sweeping $3.5 trillion Build Back Better package.

Brett Wilkins ·


After Getting 'Stealth Bailout' During Pandemic, US Corporations Try to Kill Proposed Tax Hikes

"When it's time to finally put workers first, big businesses are spending millions to maintain their advantage and preserve the status quo," said Kyle Herrig of Accountable.US.

Jessica Corbett ·


'Disgraceful': Just 9 Republicans Join With Dems to Hold Steve Bannon in Criminal Contempt

The vote "reveals just how far the Republican Party has fallen" since Trump took control as GOP's de facto leader, said one pro-democracy advocate.

Jon Queally ·

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