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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

July 22, 2019 Air travellers may have to pay carbon charge to offset emissions

Source: The Guardian

Air passengers may have to pay an extra “carbon charge” on flights as part of a government initiative to reduce CO2 emissions and tackle the climate crisis.

July 22, 2019 ‘It never stops’: US farmers now face extreme heat wave after floods and trade war

Source: CNBC

Now, farmers face another hurdle: a stifling heat wave that’s spreading across the United States and is expected to be the worst in the farm regions, including Oklahoma, Kansas, Nebraska, Missouri, Iowa and Illinois.

July 19, 2019 Heat Wave Blankets Much Of The U.S. This Week

Source: NPR

Dangerously hot weather is hitting most of the U.S. this week, the National Weather Service says. Temperatures are expected to soar across the Central and Eastern United States. The heat wave is covering the Central Plains from...

July 19, 2019 Carbon calculator: how taking one flight emits as much as many people do in a year

Source: The Guardian

Taking a long-haul flight generates more carbon emissions than the average person in dozens of countries around the world produces in a whole year, a new Guardian analysis has found.

July 19, 2019 California’s Wildfires Are 500 Percent Larger Due to Climate Change

Source: The Atlantic

On a hot July evening last year, a rancher tried to use a hammer and stake to plug a wasp’s nest. The hammer slipped, a spark flew, and a patch of dry grass ignited, according to the Los Angeles Times. Within minutes, the brush...

July 18, 2019 A Brutal Heat Wave Is Descending on the U.S.—and Blackouts May Ensue

Source: Slate

Temperatures are predicted to continue rising throughout the week, with the Midwest experiencing its hottest temperatures on Friday, and the East seeing the worst of it on Saturday or Sunday. According to the Washington Post, the...

July 18, 2019 Precision or persuasion? The science of communicating environmental crises

Source: The Hill

The reality is that media outlets are failing to cover, highlight and contextualize news about environmental crises, like climate change, in ways that support and build the capacity of readers to understand the issue and its...

July 17, 2019 The Environmental Cost of Amazon's Prime Day

Source: Eco Watch

The demand for faster and faster delivery times reveals the dark side of summertime's Black Friday. And, it's not just Amazon getting in on the action and promising absurdly quick deliveries. Walmart, eBay and Target are all...

July 17, 2019 Greenland’s Superfast ‘Ice Slides’ Could Be Bad News for Climate Change

Source: Live Science

reenland's ice sheet is sliding way more than previously thought, according to a new study. This means that the ice sheet can change faster in a warming climate, a group of researchers reported July 10 in the journal Science...

July 17, 2019 Half of the country will see temperatures of 95 degrees or higher over the next seven days

Source: CNN

Nearly half of the US population will see temperatures of at least 95 degrees over the next seven days, according to meteorologists.

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