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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

October 31, 2014 These Maps of California's Water Shortage Are Terrifying

Source: Mother Jones

Just how bad is California's water shortage? Really, really bad, according to these new maps, which represent groundwater withdrawals in California during the first three years of the state's ongoing and epochal drought:

October 31, 2014 38 federal agencies reveal their vulnerabilities to climate change — and what they’re doing about it

Source: Washington Post

The Obama administration on Friday plans to publish a small library's worth of climate change documents, outlining 38 federal agencies' vulnerabilities to global warming and how they will address them -- as well as a separate and...

October 31, 2014 32 Countries Where Global Warming Could Make Violence Worse

Source: Mother Jones

Now a new analysis, released Wednesday, is naming 32 countries in which conflict and civil unrest could be worsened by the changing climate. The findings are part of the seventh annual "Climate Change and Environmental Risk...

October 31, 2014 China’s growth-obsessed officials ignoring green policies: parliament

Source: Reuters

Local officials determined to make their economies bigger at any cost are ignoring Beijing’s push to cut hazardous air pollution, opting instead to expand heavy industries and cut clean energy from the grid, a Chinese...

October 30, 2014 Experts: Reducing Carbon Emissions And Increasing Grid Reliability Are Doable

Source: Forbes

With the Clean Power Plan out for comment, a lot utilities are scurrying to figure out their game plan — or just how they would work with their state utility regulators to reduce their carbon emissions by 30 percent by 2030, from...

October 30, 2014 12 ways communities will have to adapt to handle climate change

Source: The Guardian (UK)

Climate change is making both droughts and flood more frequent and severe. Whether your area is suffering from too much water or too little, here are things you can do to adapt.

October 29, 2014 Climate rescue mission 'not hopeless': International Panel on Climate Change chief

The Straits Times - "It is not hopeless," Rajendra Pachauri, chairman of the Nobel-winning îIntergovernmental Panel on Climate Changeî, said on opening a five-day IPCC meeting in Copenhagen to complete a landmark...

October 29, 2014 EU Leaders Called Out For Lackluster Climate Change Package

Source: Triple Pundit

European leaders agreed to reduce greenhouse gases by 40 percent by 2030. Two targets of 27 percent were also agreed on: one for the market share of renewable energy and another for energy efficiency improvement. The renewable...

October 28, 2014 What is the emissions impact of switching from coal to gas?

Source: Carbon Brief

The US's shale gas boom is credited with helping the country cut power sector emissions 16 per cent since 2007. Official figures released earlier this week suggest a switch from coal to gas was largely responsible for the drop.

October 28, 2014 Sea Ice Melting Caused by Global Warming Will Make For Brutal Winters in Eurasia

Design&Trend - The United Nations' îIntergovernmental Panel on Climate Changeî (IPCC) has gathered around 2,000 envoys, who will meet in Copenhagen to talk about the most extensive assessment yet of climate change...

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