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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:



Latest on Global Warming and Climate Change

October 21, 2016 Lawmakers Question Price Hikes For Leukemia Drug

Source: NPR

Two lawmakers are demanding to know the justification for a more than $80,000 price hike for a year's supply of a drug that treats leukemia patients.

October 21, 2016 Adapting to climate change is good business

Source: Reuters

“Sustainable development – these are two words that the existence of all (the) human race depends on. It (climate change) is becoming a calamity that we have to turn our attention to,” Sri Lanka’s President Maithripala Sirisena...

October 21, 2016 Global warming continues; 2016 will be the hottest year ever recorded

Source: The Guardian

We have enough data this year to call 2016 as the hottest year ever record – and we have three more months left to go.

October 21, 2016 Survey: CT insurers leaders in addressing climate change

Source: Hartford Business

The Hartford, Lincoln National and seven other insurers with operations in Connecticut earned high-quality ratings for efforts to address climate change, according to a survey analyzed by Ceres, a Boston-based nonprofit that...

October 20, 2016 Environmental groups file lawsuit against Norway over Arctic oil

Source: Reuters

Two environmental groups filed a lawsuit on Tuesday accusing Norway of violating its pledges under a global agreement to combat climate change by letting energy firms explore for oil and gas in the Arctic Barents Sea.

October 18, 2016 Without urgent action, climate change will push millions into hunger: U.N

Source: Reuters

Farmers urgently need help to adapt their methods of growing food if the world is to curb greenhouse gas emissions and prevent climate change pushing millions into hunger and poverty, the U.N. Food and Agriculture Organization...

October 17, 2016 The gap between ambition and action in tackling global warming

Source: The Guardian

The world’s governments have agreed to ambitious climate goals. But if we are to hit our new targets, scientists and innovators need to move quickly to close the gap between hope and reality.

October 17, 2016 How climate change triggers earthquakes, tsunamis and volcanoes

Source: The Guardian

Global warming may not only be causing more destructive hurricanes, it could also be shaking the ground beneath our feet

October 17, 2016 Countries Reach Landmark Deal to Limit Global Warming

Source: Fortune

More than 170 countries agreed early Saturday morning to limit emissions of key climate change-causing pollutants found in air conditioners, a significant step in the international effort to keep global warming from reaching...

October 14, 2016 How Could Chicago Be Affected By Global Warming? It Might Be 'Catastrophic'

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By the end of this century, Chicago could be dealing with three times as many 90-plus-degree days, if not more.

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