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Global Warming and Climate Change, Global Warning Information, Updates

Global Warming and Climate Change

Updated January 2011

The year 2010 ended with an enormous blizzard that engulfed the northeast US, paralyzing New York and Boston and much of the Atlantic Coast.  That storm was followed almost three weeks later  by yet another severe snow storm that had the same effect.  Speculation started immediately that these events had their  roots in global warming – Time Magazine wrote:

“The World Meteorological Organization recently reported that 2010 is almost certainly going to be one of the three warmest years on record, while 2001 to 2010 is already the hottest decade in recorded history. Indeed, according to some scientists, all of these events may actually be connected.”

Just a few days before at the CNN debate on climate change, UN Climate Secretary Christiana Figueres said that “private businesses are better placed than governments to tackle global warming because they can act faster...”  There appeared to be an agreement at the event that the urgency to reduce carbon emissions was such that business could not afford to wait for governments to act.

Prior to the UN-sponsored Cancun Climate Conference in December 2010, the world's largest global investors were urging the conference delegates and the US Congress to “take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis.”

Unfortunately, at Cancun and the year before in Copenhagen, government progress to address climate change only inched slightly forward.  But while government consensus moved by inches, the scientists tell us we should be moving by miles   – or do they?

The last two years has seen the debate of the existence of human-caused climate change -- or any climate changed -- challenged by doubters.   Some poor science conducted by some believers/ supporters, followed by unfortunate media reporting and the issues identified as hot in the recent Congressional elections saw weak support for global warming among Americans. Witness this: “The poll, one of four annual surveys conducted by Shelton Group, surveyed 1,098 Americans who at least occasionally buy green products and found only about half believe climate change is occurring and caused by human beings…”

While the majority of the American  public apparently are yet to believe in the problems of climate change and global warming and world governments unable to agree on a course of action, AC will continue to focus on potentially one of the greatest issues world society faces. Since this section was begun in April 2008 more than 1,200 articles, commentaries and reports  have been posted for our readers.  No doubt there is more to come.  (We invite you to tell us where you stand on the issues.)

 -----------------------------

Institutional investors are focused on the potential or rising risk posed by climate change to the companies they hold in portfolios.  “Climate change,” “global warming” and “sustainability” (of the company owned, over the long-term) are trigger phrases now for all manner of shareholder activities – and corporate responses. The argument is not always about “if” climate change is occurring or “who” or “what” is responsible – often, the investors now ask:  What is the company doing to prepare for and mitigate the risk?  Investors have many questions:  Has the company charted its “carbon footprint” – has management taken steps to inform shareowners of real or potential climate change risks – what are the potential costs of mitigating such risks – and more.

Looking to put muscle behind these requests, shareowners are filing numerous proxy petitions (shareholder sponsored proxy resolutions) on the ballot in 2008.  Coalitions are being formed to address climate risk issues at public companies.  On September 18, 2007, a broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks related to climate change issues. The coalition formally asked the Commission's Division of Corporation Finance to immediately begin "[c]losely scrutinizing the adequacy of registrants' climate disclosures" under existing law.

The institutional investors involved represent $1.5 trillion in managed assets and include major public employee pension funds, state treasurers and comptrollers, state attorneys general and major environmental organizations.  Their “First of a Kind” resolution will create major waves on Wall Street and in the corporate suites as the campaign goes on.   (This issue is not going anyway anytime soon.)

The coalition includes the Environmental Defense, Ceres, the California State Treasurer Bill Lockyer, Florida Chief Financial Officer Alex Sink, Maine State Treasurer David G. Lemoine, New York State Comptroller Thomas P. DiNapoli, North Carolina State Treasurer Richard Moore and Oregon State Treasurer Randall Edwards, as well as New York State Attorney General Andrew M. Cuomo.

The Securities and Exchange Commission staff had no immediate reaction, but in the overall dialogue regarding shareholders rights, federal regulations and corporate governance, this measure landed like a bombshell in Washington, DC.  Accountability-Central will continue to present news and commentary as the climate change issue unfolds and various capital markets players present their views and opinions.

Learn more about climate change: http://www.learnstuff.com/climate-change-and-global-warming-an-objective-overview/

 

 


Latest on Global Warming and Climate Change

August 22, 2014 Ban on filling swimming pools hits communities in parched California

Source: Reuters

The California dream of owning a house with a sparkling swimming pool is drying up for would-be swimmers in communities across the state as some local water districts have banned homeowners from filling empty pools in...

August 22, 2014 Drought Is Slightly Elevating Ground In U.S. West, Study Finds

Source: Business Insider

LOS ANGELES - A drought has robbed the U.S. West of 63 trillion gallons (238 trillion liters) of water, and with all that weight off the land the ground in the region has risen by several millimeters, according to a study...

August 22, 2014 Global warming slowdown 'could last another decade'

Source: BBC News

The hiatus in the rise in global temperatures could last for another 10 years, according to new research. Scientists have struggled to explain the so-called pause that began in 1999, despite ever increasing levels of CO2 in the...

August 21, 2014 How the Current Mass Extinction of Animals Threatens Humans

Source: National Geographic

More species are becoming extinct today than at any time since dinosaurs were wiped off the face of the Earth by an asteroid 65 million years ago. Yet this bio-Armageddon, caused mainly by humans, is greeted by most of us with a...

August 21, 2014 Talk to explore fate of Antarctic ice sheet

Scoop - His work suggests that the îIntergovernmental Panel on Climate Changeî (IPCC) sea-level rise projections are underestimating the Antarctic ice sheet contribution. âWhat is concerning is that the...

August 21, 2014 Why Global Warming Took a Break and When It's Going to Start Again

Source: Science World Report

The average temperature of Earth has barely risen over the past 16 years. So if global warming is still occurring, why does it seem like it's taking a break? Scientists may have the answer and have also announced that warming...

August 21, 2014 Drought Has State Debating Its Unregulated Pumping

Source: ABC News

Three years of drought have Californians debating an end to the state's status as one of the last in the West with a pump-as-you-please policy for the vital underground sources that provide up to 65 percent of the state's water.

August 20, 2014 Climate change means more bugs, slimy ponds

Source: USA Today

WILMINGTON, Del. — From a surge in disease-carrying ticks and Tiger mosquitoes to increases in toxic algae blooms, the symptoms of climate change are rapidly affecting America's relationship with the great outdoors, the National...

August 20, 2014 Climate Change Could Undermine Food Security

Asianscientist - According to the îFood and Agriculture Organization of the United Nationsî, global demand for food is expected to increase by at least 50 percent from now to 2050. Food production to meet the growing...

August 20, 2014 Why Does Less Meat Mean Less Heat' (Op-Ed)

Live Science - According to the îFood and Agriculture Organization of the United Nationsî, global animal agriculture produces vast amounts of crops to feed billions of farm animals long before they are themselves...

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