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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 24, 2016 Wildfires continue to burn, force evacuations in western states

Source: LV Review-Journal

Growing wildfires fed by windy, dry conditions have destroyed buildings and forced evacuations in central California, eastern Washington, Oregon and elsewhere.

August 24, 2016 Human impact on environment may be slowing down: new study

Source: Mongabay

Using data from satellites and on-ground surveys, scientists have created maps that show how the impacts of human activities on the environment (or human footprint) have changed over a 16-year period, between 1993 and 2009.

August 24, 2016 Scientists to probe ways of meeting tough global warming goal

Source: Reuters

Scientists on Thursday set the outlines of a report on how to restrict global warming to a limit agreed last year by world leaders – even though the temperature threshold is at risk of being breached already.

August 23, 2016 Climate change will mean the end of national parks as we know them

Source: Reuters

As the National Parks Service turns 100 this week, their efforts to chart and stem the threat to the country’s history faces a daunting task. America’s grand symbols and painstakingly preserved archaeological sites are at risk of...

August 22, 2016 Officials Close Majority of Yellowstone River After Mysterious Mass Fish Death

Source: Nature World News

A majority of the popular Yellowstone River in Montana has been closed off after thousands of fish have been mysteriously killed in the area.

August 22, 2016 Cruel Summer: Floods, fires and heat

Source: Mashable

When it comes to our climate, everything is connected. And there has never been a year, and most especially a summer, that has so prominently and destructively showcased this

August 22, 2016 Health official: Gulf Coast states most vulnerable to Zika

Source: NY 101.5

MIAMI — A National Institutes of Health official said Sunday that the Zika virus could “hang around” the United States for a year or two. Read More: Health official: Gulf Coast states most vulnerable to Zika |...

August 19, 2016 As people flee disasters, is this what climate change looks like?

Source: SL Post Dispatch

In San Bernardino County, California, 82,000 people were ordered to leave their homes Wednesday as an explosive wildfire “hit with an intensity that we hadn’t seen before,” as one fire official said, and surged across 30,000...

August 19, 2016 Study identifies key species which act as warning signs of ecosystem collapse

Source: The Guardian

Conservation often focuses on the big, enigmatic animals - tigers, polar bears, whales. There are many reasons to want to save these species from extinction.

August 19, 2016 NPR: Should We Be Having Kids In Light Of Global Warming?

Source: Daily Caller

National Public Radio (NPR) featured an academic philosopher Thursday who says morality requires Americans to stop having kids, because they will only cause more global warming. Read more:...

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