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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

September 19, 2014 Clean Energy Is a 100 Percent American Success Story

Source: Huff Post

Across the nation, American businesses, families, and communities are embracing clean, renewable energy that is homegrown, healthy, and can never run out. By finding alternatives to fossil fuels that pollute our air and disrupt...

September 19, 2014 Climate Change Activists Set to Flood NYC, but Some Doubt the UN's Approach to the Problem

Source: Vice News

On September 21, tens of thousands of people, perhaps as many as a hundred thousand, are expected to descend on Manhattan for the People's Climate March, which promises to be the largest climate change demonstration in history.

September 19, 2014 World Smashes All-Time Temperature Records Ahead of UN Climate Summit

Source: mashable.com

The June through August period was the warmest such period on Earth since record-keeping began in 1880, the National Oceanic and Atmospheric Administration (NOAA) announced Thursday. In addition, the month of August was the...

September 19, 2014 U.S. green groups urge methane rules for oil and gas industry

Source: Reuters

The U.S. Environmental Protection Agency must act to rein in methane pollution from the oil and gas industry, environmental groups said on Thursday, warning that failure to set federal standards would undermine other Obama...

September 19, 2014 World’s Leading Institutional Investors Managing $24 Trillion Call for Carbon Pricing, Ambitious Global Climate Deal

Source: Ceres

Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over...[more]

September 19, 2014 This Changes Everything: Capitalism vs the Climate by Naomi Klein – review

Source: Guardian (UK)

Klein wants this book to be read by people who don't read climate-change books – it addresses a potential catastrophe yet is calm and welcoming

September 18, 2014 Everything You Need To Know To Attend The Biggest Climate March In History

Think Progress - It is put together by îThe Climate Groupî, which includes business and government organizations focusing on the rapid scale-up of low carbon energy and technology. Overall more than 1,000...

September 18, 2014 My 2050 world: how would you cut carbon while meeting energy demand?

Source: Guardian(UK)

The UK government has created a digital game, My2050, which allows anyone to try their hand at meeting tough carbon reduction targets while finding enough energy to power our economy in the years ahead. From increasing solar...

September 18, 2014 Busy Days Precede a March Focusing on Climate Change

Source: NY Times

In a three-story warehouse in the Bushwick section of Brooklyn, hundreds of people are working to turn the People’s Climate March planned for Sunday into a visual spectacle.

September 18, 2014 White House proposes new energy efficiency rule in climate push

Source: Reuters

The U.S. Department of Energy unveiled its latest energy efficiency rule on Thursday, a standard for commercial air conditioning units that the White House believes could slash energy use in commercial and industrial buildings.

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