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Micah Parkin, micah@350colorado.org, 504-258-1247 Julia Williams, outreach@350colorado.org, 970-948-1439
Nonprofit organization 350 Colorado released a report today outlining Colorado's dangerous underestimation of the oil and gas industry's contribution to the state greenhouse gas emissions. The report "Avoiding a Roadmap to Climate Catastrophe" finds that the oil and gas sector is currently responsible for 70 percent of Colorado's greenhouse gas (GHG) emissions in comparison to the state's estimation of just 17.3 percent (a +52.7 percent difference).
The report criticizes and provides recommendations to Colorado's GHG Emissions Reduction Roadmap, the state's current plans to meet the emission reduction goals set by the Legislature in HB 19-1261. The report highlights the state's failure to implement recommendations from the International Panel on Climate Change (IPCC) to deliver "rapid and far-reaching" transitions and "deep emissions reductions in all sectors" to keep global temperature rise below 1.5. The IPCC warns that net zero GHG emissions by 2037 are needed for a 66 percent chance of achieving that goal. Instead, Colorado's HB-1261 Roadmap allows for an 86 percent increase in oil production and a 41 percent increase in gas production by 2030, which results in a 61 percent increase in GHG emissions (at average observed leakage rates).
"If Colorado truly wants to lead in global efforts to solve the climate crisis, our state must begin with an honest and accurate accounting of Colorado's actual GHG emissions resulting from the oil and gas sector and use that to guide policy decisions for attainment of our state's GHG emission reduction goals," said 350 Colorado Executive Director Micah Parkin.
350 Colorado analyzed data from Colorado's draft GHG Emissions Reduction Roadmap and used the best available science and recommendations from researchers at Cornell and the state of New York's Climate Leadership and Community Protection Act (CLCPA 2019).
"Accurately quantifying and including methane within state-level accounting is critically important because it will enable policy that will help us meet the climate challenge," said New York Assemblyman Steve Englebright, who sponsored the state of New York's Climate Leadership and Community Protection Act that incorporated the more protective assumptions recommended in the 350 Colorado report.
The report identified four main problems with the state's current emission estimations and projections regarding the oil and gas sector in the draft Greenhouse Gas Emission Reduction Roadmap:
"The original choice of 100 years by the Kyoto Protocol was arbitrary, and as we have learned more about the role of methane in global warming in the years since 1997, a growing number of researchers have called for using a 20-year time frame, either instead of or in addition to the 100-year approach," said Robert W. Howarth, Ph.D. of Cornell University whose book Methane and Climate Change is referenced throughout the report. Dr. Howarth is a leading world expert on methane emissions from shale gas as a driver of climate change.
The report provides recommendations to the Polis administration for improving the roadmap, urging state officials to start with the most accurate, science-based assumptions to create an accurate 2019 baseline of emissions from Colorado's oil and gas sector. Additionally, the report calls for a rapid phase-out and just transition off oil and gas development in Colorado, calling for a 10 percent per year reduction in emissions for a full phase-out of oil and gas production in Colorado by 2030.
"It is critically important to reduce methane emissions in a shorter time frame in order to reduce the risk of moving past tipping points in the climate system, reduce damage to society and natural ecosystems from global warming over the coming decades, and provide the best chance of meeting the COP21 climate goals," said Dr. Howarth. "Given the state of increasing climate disruption in 2020, the continued use of natural gas would be a bridge to disaster. Atmospheric methane has been rising rapidly over the past decade, after having been stable to the first decade of the 21st Century. Given a full lifecycle emission rate of 4.1 percent of production, shale gas is responsible for almost half of the total global increase in atmospheric methane from all sources since 2005. This increase makes it far more difficult to meet the COP21 target of keeping the Earth well below 2C from the pre-industrial baseline."
350 Colorado is circulating a sign-on letter that has already been signed by 19 organizations urging the Polis administration to implement these recommendations. They plan to deliver the letter in two weeks.
Read the full "Avoiding a Roadmap to Climate Catastrophe" report here.
350 is building a future that's just, prosperous, equitable and safe from the effects of the climate crisis. We're an international movement of ordinary people working to end the age of fossil fuels and build a world of community-led renewable energy for all.
"Unfortunately, it could get worse," the analysis warns, pointing to lobbying for "indexing capital gains for inflation—which would be a benefit hugely skewed to the wealthy."
Just over a week away from Tax Day in the United States, a think tank on Monday released an analysis highlighting how most Americans will see their taxes go up this year, while the wealthy will see substantial cuts, thanks to "a mix of legislative action and illegal executive actions" from the Republican-controlled Congress and President Donald Trump.
"The president, in concert with Congress, has dramatically increased tariff taxes, enacted large tax cuts that primarily benefit the well-off and corporations, dramatically curtailed IRS enforcement, and issued legally problematic regulations," states the Institute on Taxation and Economic Policy (ITEP) report, referring to the Internal Revenue Service.
The bottom 95% of Americans will generally see higher taxes, according to report author Michael Ettlinger, a senior fellow at ITEP and the University of New Hampshire's Carsey School of Public Policy. The middle 60% will see an average increase of $900—though that estimate tops $1,000 for taxpayers in Alaska, Florida, Georgia, Idaho, Nebraska, North Carolina, South Dakota, Texas, Utah, Vermont, and Wyoming.
The primary drivers of tax hikes for working people are Trump's tariffs—which his administration continues to pursue despite a major setback at the US Supreme Court—and the so-called One Big Beautiful Bill Act (OBBBA), the budget reconciliation package that congressional Republicans passed and the president signed last summer.
The OBBBA slashed programs for the working class, including food assistance and Medicaid, and failed to extend Affordable Care Act premium tax credits that helped people afford health insurance. The Republican package is also expected to give the wealthiest 1% of Americans $1 trillion in tax cuts while adding $4.6 trillion to the federal deficit over the next decade.
This year alone, "the highest-income 20% get a $380 billion tax cut, with $117 billion going to the richest 1% alone," Ettlinger detailed. "To put the $117 billion going to the top 1% in 2026 in perspective, it is more than the federal government will spend in 2026 on the combined budgets of the Department of Education, Department of Transportation, Department of Justice, the State Department, the National Aeronautics and Space Administration, the Environmental Protection Agency, the National Endowment for the Humanities, and the National Endowment for the Arts."
"Or, put in another context, that $117 billion could buy every Major League Baseball team (all of them together) or pay for the combined cost of every wedding in the country for a year, as we described in July, along with other comparisons," he added.

Ettlinger pointed out that "the wealthiest have also saved many billions with the elimination of more than $40 billion over 10 years in IRS tax enforcement funding that was aimed specifically at cracking down on tax evasion by the wealthy. The Trump administration has also, administratively, strangled IRS enforcement initiatives targeted at high-wealth tax sheltering."
The expert also noted that the "OBBBA included large tax cuts for corporations, and the administration has added on to the benefits of these tax cuts with legally doubtful regulatory changes." For example, some major companies had an effective federal income tax rate of 0% in 2025, including Chenier Energy, LiveNation, Peter Thiel's Palantir, Elon Musk's Tesla, and Yum! Brands, whose subsidiaries include the fast food chains KFC, Pizza Hut, and Taco Bell.
Jeff Bezos' Amazon had an effective tax rate of 1.4%. For Meta, the parent company of Facebook, Instagram, and WhatsApp, it was 3.6%. Alphabet, the company behind Google, had an 8% rate. Ettlinger stressed that "these companies' ultralow tax bills are just the tip of the iceberg of what has been done to business taxes in the first year of President Trump's second term. From OBBBA alone, corporations and other businesses will pay $234 billion less in 2026 and $1.7 trillion less over 10 years."
It's not just rich Americans who are benefiting from Trump and his party's policies. As Ettlinger explained: "A total of $32 billion in tax savings from OBBBA will go offshore in 2026. Many foreign shareholders are likely to end up paying zero US corporate tax despite benefiting from the US economy and the role of the government in sustaining it."
The report concludes with a warning: "Unfortunately, it could get worse. The administration is being heavily lobbied to add to its unlawful regulatory record by indexing capital gains for inflation—which would be a benefit hugely skewed to the wealthy. In addition, the congressional Republican Study Committee has a tax plan that would, likewise, be of substantial benefit to those with the highest income and wealth."
Early last month, Sens. Ted Cruz (R-Texas) and Tim Scott (R-SC) sent a letter urging Treasury Secretary Scott Bessent to make the change to federal tax on capital gains, or the profits from selling investments, including bonds, real estate, and stocks.
"Ted Cruz is asking the Treasury Department to break the law to give another round of tax breaks to the ultrarich," Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) responded at the time. "These guys can’t help themselves."
"No foreign country may interfere in Hungarian elections," said Péter Magyar, Orbán's top rival. "This is our country. Hungarian history is not written in Washington, Moscow, or Brussels—it is written in Hungary's streets and squares."
Vice President JD Vance on Tuesday campaigned on behalf of far-right Hungarian Prime Minister Viktor Orbán, whom opinion polls show is in danger of losing power in this month's general election.
During a speech in the Hungarian capital of Budapest, Vance heaped praise upon Orbán, who has ruled Hungary for 16 years and has wielded the power of the state to shut down independent media outlets, while putting political allies in charge of the nation's courts and major businesses.
"Viktor Orbán has been a great example in charting a course that could lead to a better, more prosperous and more energy secure Europe," Vance said during a joint news conference with the Hungarian leader. "What the US and Hungary represent is the defense of western civilization."
Vance's campaigning for Orbán comes as opinion polls suggest that his government is more vulnerable than at any time in more than a decade. According to polling averages compiled by Politico, Fidesz currently trails Tisza, its top rival political party, by 10 percentage points.
Axios reported on Monday that the Trump administration has made defending Orbán's grip on power "a strategic priority," given that he and his allies have spent the last two decades "building a template for Christian nationalist rule now embraced by the American right."
Tisza leader Péter Magyar, a one-time Orbán ally, slammed Vance's visit in a social media post, accusing the US vice president of improperly meddling in his country's democratic process.
"No foreign country may interfere in Hungarian elections," wrote Magyar. "This is our country. Hungarian history is not written in Washington, Moscow, or Brussels—it is written in Hungary's streets and squares."
Marc Loutau, an affiliated fellow at the Central European University Institute for Advanced Studies, said in an interview with the Quincy Institute for Responsible Statecraft that he doubted Vance's appearance in Budapest would move the needle for Orbán.
“Vance doesn't set the campaign trail on fire by any stretch of the imagination,” Loutau said. “Few Hungarians know who he is.”
Stephen Wertheim, senior fellow in the American Statecraft Program at the Carnegie Endowment for International Peace, speculated that Vance's appearance could even hinder Orbán's chances.
"Orbán positions himself as a bastion of geopolitical stability," Wertheim explained. "Back in Washington, however, Vance's administration is waging a war on Iran that has predictably destabilized the Middle East and damaged European economies. More and more, America First isn't playing well with European nationalism."
Kenneth Roth, former executive director of Human Rights Watch, said that Vance's trip to Hungary seemed like a desperate Hail Mary pass.
"It speaks to how worried the would-be autocrat Trump is about the likely electoral loss of Viktor Orbán, Europe's most notorious autocrat," he wrote, "that Trump sends JD Vance to Hungary (amid a war in Iran) to try to salvage Orbán's candidacy."
"One of the biggest implications of this war is how badly Europe miscalculated," said one analyst.
As President Donald Trump made his most explicitly genocidal threat yet against Iran on Tuesday, one historian based in Tehran suggested that countries which have aided and abetted the rapidly intensifying US-Israeli assault on the Middle Eastern country are coming face-to-face with the fact that appeasing Trump has been a grave error.
Trump's threat that "a whole civilization will die tonight, never to be brought back again"—referring to Iran's population of 93 million people—was the "textbook definition of genocide," said Narjes Rahmati. "Those who could have intervened but did not will come to regret it."
Trump has lashed out at numerous European countries for being insufficiently supportive of the US-Israeli war, which has killed more than 2,000 people in Iran, nearly 1,500 in Lebanon, and hundreds across the Middle East, but countries including the United Kingdom have provided various support to the US and Israel since they abruptly cut off diplomatic talks and began bombing the country in February.
While UK Prime Minister Keir Starmer has attempted to distance his government from the conflict, saying, "This is not our war," the UK has allowed US bombers to use British military bases for "defensive" missions. Late last month the UK also authorized the US to use military bases for strikes against Iranian missile sites that were targeting ships in the Strait of Hormuz. The country has ramped up its military resources in the region in recent weeks.
Ed Davey, leader of the Liberal Democrats Party in the UK, said Tuesday that Starmer and his Labour government face "a choice" about continuing to back the US and Israel in light of Trump's latest threat on what the president previously referred to as "Power Plant Day, and Bridge Day."
"The UK must immediately and unequivocally suspend support for the US military," added Zack Polanski, the British Green Party leader. "The government have tried to appease him, then they tried to say they're standing up to him. Words aren't enough—it's time for action."
Philippe Dam, European Union director for Human Rights Watch, also condemned the European Commission for its tepid response to Trump's threat against "a whole civilization."
Anitta Hipper, foreign affairs spokesperson for the commission, said it rejects threats to attack critical civilian infrastructure, warning that "such attacks risk impacting millions of people across the Middle East and beyond, and also may lead to further dangerous escalation."
Dam warned that "international law is eroded by those who flout it as much as by those who fail to speak up."
"Despite renewed threats of attacks on civilian infrastructures in Iran—would be war crimes and possible crimes against humanity—EU leaders still fail to name USA and Israel in their statements," said Dam.
The US has also received varying degrees of military support from Portugal, Italy, Germany, and France, though the French and Italian governments have angered Trump in recent weeks by blocking the US from using certain military bases and barring military flights from French airspace. Spanish President Pedro Sánchez has stood out among North Atlantic Treaty Organization leaders, leading the way in refusing to allow the US to use its bases for Iran attacks.
Sina Toossi, a senior fellow at the Center for International Policy, said European leaders over the last several weeks "had [a] real chance to help make diplomacy succeed. Instead, they aligned with and enabled Trump’s worst instincts."
Adil Haque, a Rutgers University law professor and executive editor of Just Security, called on "all states" to "immediately condemn Trump's threat; deny the use of their territory and airspace by US forces to attack Iran; demand an immediate, unconditional, and permanent end to the war."
"Hormuz can be dealt with separately," he said, referring to Iran's closure of the strait, a key trade waterway. "Enough is enough."