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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

December 11, 2017 Pollutionwatch: not much cheer from online Christmas shopping

Source: The Guardian

As more of us shop online, more vans make more deliveries, with competing delivery companies duplicating journeys and causing even more pollution

December 11, 2017 California wildfires now larger than New York City and Boston combined - text/video

Source: CNN

Firefighters are struggling to contain the biggest of six blazes burning in southern California, with the Thomas Fire slipping from 15% containment to 10% Sunday.

December 11, 2017 THE DIRTY SECRET OF THE WORLD’S PLAN TO AVERT CLIMATE DISASTER

Source: Wired

So what if you grew crops and then burned those crops for electricity, being sure to capture all of the carbon dioxide emitted? You’d then store all that dangerous CO2 underground.

December 8, 2017 Why are ferocious wildfires plaguing southern California?

Source: The Guardian

A combination of short and longer-term events have conspired to spark a ring of fires that have dotted the Los Angeles area

December 7, 2017 The most accurate climate change models predict the most alarming consequences, study finds

Source: Washington Post

The climate change simulations that best capture current planetary conditions are also the ones that predict the most dire levels of human-driven warming, according to a statistical study released in the journal Nature Wednesday.

December 4, 2017 Why Should We Believe Scientists That Say Global Warming Is Real?

Source: Forbes

For example, every major organization involved in environmental science around the world (and most major science journals) have all come out with statements explicitly affirming that climate change is real, that global warming is...

December 4, 2017 The Surprising Solution To The Global Water Crisis: Solar Power

Source: Forbes

According to the World Health Organization (WHO) in 2017, an astounding 2.1 billion or 3 in 10 people globally lack ready access to safe water at home. Within this, 844 million lack access to basic water services and 159 million...

December 1, 2017 US exporting dirty fuel to already pollution-choked India

Source: Washington Post

NEW DELHI — U.S. oil refineries that are unable to sell a dirty fuel waste product at home are exporting vast quantities of it to India instead.

November 28, 2017 Antarctic Ice Melt Could Lead To 'Ice Apocalypse' If Pine Island And Thwaites Glaciers Collapse

Source: Inquisitr

Concern over Antarctic ice melt has gone up in recent months following events such as the collapse of the Larsen C ice shelf. And with global warming continuing unabated, one meteorologist believes that an “ice apocalypse” might...

November 22, 2017 A vegan US: good for earth, problematic for people

Source: The Business Times

[WASHINGTON] What would a vegan America look like? An herbivore population would enjoy a drop in greenhouse-gas emissions, but also face deficiencies in calcium, vitamins A and B12 and fatty acids.

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