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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

April 16, 2014 Climate Change Action: Faith Community Called to Lead by Example

The Christian Post - A number of organizations continue speaking out about the urgent need to address climate change, however, with îThe Climate Groupî, which hosted the Climate Week conference in New York in...

April 16, 2014 A change in global warming perspective'

Delta Farm Press - The article by Times reporter Justin Gillis, was plenty scary. It discussed the îIntergovernmental Panel on Climate Changeîâs latest report, which Gillis said, âconcluded that ice caps...

April 16, 2014 Cashing in on Earth Day: 10 Activities to Kick-start Low-Carbon Living and Save You Money

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With Earth Day just a week away, there is no better time to be thinking about steps you and your family can take to protect the environment and our climate. And the most impactful steps are often the ones that cut your carbon...

April 16, 2014 US greenhouse gas emissions down by 10% since 2010: Report

Source: Times of India

WASHINGTON: Greenhouse gas emissions by the US dropped 3.4% in 2012 from the previous year and by 10% since 2005, according to an official report. The US Environmental Protection Agency (EPA) has made this assertion in its 19th...

April 16, 2014 Lynn Youngblood: A reflection for Mother Earth

Source: The Examiner

Do you know what big event is right around the corner? I will give you a hint – it is on April 22nd. That makes it Earth Day! This year brings the 44st Earth Day celebration since this special day was first named in 1970 by U.S....

April 16, 2014 PBS will mark Earth Day with one-half of a fine environmental documentary

Source: MinnPost

Next Tuesday (April 22) is Earth Day, and if you happen to have an hour free at 8 p.m. I recommend, I guess, that you tune your TV to PBS for its premiere showing of "A Fierce Green Fire."If that endorsement is half-hearted, it's...

April 15, 2014 Will Low-Water Levi's Change Outdoor Apparel'

Outside - But closing the loop is the ultimate goal. The Sustainable Apparel Coalition, which includes Patagonia, The North Face, REI, and others in the outdoor industry, is developing standards for reducing water consumption and...

April 15, 2014 Renewables, Nuclear Must Triple to Save Climate, UN Says

Source: Bloomberg

The world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming, United Nations scientists said.

April 15, 2014 Unexpected loose gas from fracking

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survey of hydraulic fracturing sites in Pennsylvania revealed drilling operations releasing plumes of methane 100 to 1,000 times the rate the EPA expects from that stage of drilling, according to a study published Monday in the...

April 15, 2014 UN says the world needs cap-and-trade, carbon taxes

Source: The Daily Caller

A new United Nations report urges countries to tax carbon emissions to stem the rise of global temperatures. In order to keep global temperatures from rising above two degrees Celsius by 2100, the world needs to lower its use of...

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