Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
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
In November, at the COP26 U.N. Climate Change Conference, the U.S. will join the community of nations keeping alive the promise to meet the agreed target to limit global temperature rise to 1.5 degrees Celsius compared to...
October 14, 2021 Survey: Global sustainability overtakes personal health as consumers’ biggest issueSource: The Packer
Consumers now rank the health of the planet as their number one concern, overtaking personal health which has been the top priority in recent years.
October 12, 2021 A global energy crisis is coming. There's no quick fixSource: CNN
Astronomical increases in natural gas prices. Skyrocketing coal costs. Predictions of $100 oil. A global energy crunch caused by weather and a resurgence in demand is getting worse, stirring alarm ahead of the winter, when more...
October 7, 2021 Climate-Friendly Investment Funds Are a ScamSource: New Republic
At the most basic level, ratings firms grade companies on their impact on the environment, the quality or equity of their internal governance, and, uh, their impact on “society.” Then a bunch of those companies might get bundled...
This type of fuel could be a complimentary game-changer, reducing emissions in not just race cars taking apexes full-throttle, but from F1's position at the pinnacle of the global auto industry, it could trickle down to everyday...
October 6, 2021 ‘Green infrastructure’ shift for sustainable citiesSource: SciDev Net
Now, with 70 per cent of carbon dioxide emissions emanating from cities, a new initiative promoting integrated approaches to urban development aims to reduce their ecological footprint. And pioneers of the project hope to see it...
Every year, trillions of dollars are invested in the infrastructure that helps us—and our goods—get around. What will it take to move the transport infrastructure industry toward carbon zero?
Source: The Conservation
More than seven billion people live on Earth today, of whom almost one billion do not have enough to eat. By 2050, our planet’s human population is likely to reach almost ten billion, an extremely challenging number of people to...
October 6, 2021 Antarctica Just Had Its Coldest Season Ever. Here’s WhySource: Daily Caller
Antarctica’s average temperature over the last six months was minus 78 degrees, or 4.5 degrees below the average recorded over the previous 30 years, The Washington Post reported.
October 5, 2021 Blue Jeans Go Green: How an Italian Denim Manufacturer Has Created the World's Most Sustainable JeansSource: goodgoodgood.co
Alberto Candiani, the fourth-generation owner of the family business, had developed the first fully biodegradable denim, called Coreva. “They are extremely durable, but at the end of their life, yes, you could send them back to...
|HOME | ABOUT THE SITE | SUBSCRIBE TO SUSTAINABILITY HIGHLIGHTS NEWSLETTER | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|