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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

March 27, 2017 Climate change: ‘human fingerprint’ found on global extreme weather

Source: The Guardian

Global warming makes temperature patterns that cause heatwaves, droughts and floods across Europe, north America and Asia more likely, scientists find

March 24, 2017 This trait shapes your belief in climate change more than your science knowledge does

Source: News Observer

Pew Research Center analysis published Wednesday found that people’s level of science knowledge actually had less to do with their opinions on climate change than something else: how they vote.

March 24, 2017 China air quality got markedly worse in Jan-Feb: ministry

Source: Reuters

China's air quality was markedly worse in the first two months of the year than the same period of 2016 following a series of smog outbreaks in northern China, official data published on Friday showed

March 24, 2017 Causes of the global water crisis and 12 companies trying to solve it

Source: Tech Crunch

It’s World Water Day. Time to wake up and take shorter showers. That is, if we’re fortunate enough to have them. Water scarcity and pollution are persistent global problems. According to End Water Poverty, some 663 million people...

March 24, 2017 California board adopts strictest U.S. methane rules

Source: Reuters

California's air quality board voted unanimously on Thursday to approve methane regulations touted as the strictest adopted yet in the United States for controlling emissions of the second-most prevalent greenhouse gas in the...

March 23, 2017 Arctic ice falls to record winter low after polar 'heatwaves'

Source: The Guardian

Extent of ice over North pole has fallen to a new wintertime low, for the third year in a row, as climate change drives freakish weather

March 23, 2017 China blames climate change for record sea levels

Source: Reuters

Chinese coastal sea levels hit record highs in 2016, driven by climate change as well as El Nino and La Nina events, the country's sea administration said.

March 23, 2017 Tough new climate targets proposed for Scotland

Source: BBC

The Scottish government has been urged to significantly increase its long term target for reducing greenhouse gas emissions when it introduces new legislation later in the year.

March 22, 2017 Estimated % of adults who think global warming is happening, 2016

Source: Yale University

Public opinion estimates are produced using a statistical model based on national survey data gathered between 2008 and 2016 by the Yale Program on Climate Change Communication and the George Mason Center for Climate Change...

March 22, 2017 'Extreme and unusual' climate trends continue after record 2016

Source: BBC

In the atmosphere, the seas and around the poles, climate change is reaching disturbing new levels across the Earth.

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