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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 1, 2015 Global fresh produce supply chain must consider climate change in order to ensure food safety

Phys.org - along with revised Codes of Practice for fresh produce at the global î??Food and Agriculture Organization of the United Nationsî?? (FAO)/World Health Organisation (WHO) Codex Alimentarius level. Project...

September 1, 2015 Effective Responses to Global Water Crisis Are Largely Local

Source: Circle of Blue

STOCKHOLM-– In developing effective responses to severe drought, national governments from around the world look to local programs as sources of innovation, according to a group of global water experts convened by Circle of Blue...

September 1, 2015 Three Cities Innovate Solutions for Tackling Water Scarcity

Sustainable Cities Collective - Today marks the end of î??World Water Weekî?? in Stockholm, where experts from across the globe convene to discuss the worldâ??s water issues. To further explore water stress...

September 1, 2015 Climate change brings cyclone(hurricane) risk to Persian Gulf - study

Source: Yahoo/Reuters

BONN, Germany - Climate change is bringing small risks that tropical cyclones will form in the Persian Gulf for the first time, in a threat to cities such as Dubai or Doha which are unprepared for big storm surges, a U.S. study...

August 31, 2015 Carbon Emissions From Power Plants Hit 27-Year Low

Source: Climate Central

As states begin the long task of reducing greenhouse gas emissions from electric power plants to comply with new federal climate policy, a 27-year low in carbon dioxide emissions earlier this year shows the U.S. may be heading...

August 31, 2015 Thirsty Middle East faces worsening water stress - researchers

Reuters - Researchers from the î??World Resources Instituteî?? (WRI) - who compiled the first index measuring competition for and depletion of surface water, such as lakes and rivers, each decade from 2010 to 2040 -...

August 28, 2015 World Water Week: Water Management Key Priority For International Oil And Gas Sector

wateronline.com - Water resource management tools Organizations such as î??World Resources Instituteî?? (WRI) provide significant data to better inform corporate decision-makers to understand the broader contexts of...

August 27, 2015 Sea levels will rise, experts warn, and 'it's not going to stop'

Source: LA Times

For the last 23 years, ocean levels around the world have climbed by about 3 inches on average, and NASA scientists say the sea will continue to rise as warming temperatures cause ice sheets in Greenland and Antarctica to...

August 27, 2015 The Many Terrifying Ways Global Warming Will Soon Be Ravaging California

Source: Curbed.com

California's unabated drought (the one that's been going on for four long years) has parched the entire state and led to some frightening consequences (parts of the state are sinking), but the worst is yet to come and "there's no...

August 27, 2015 Paris climate talks are the shortest route to business stability

Source: GreenBiz

Our world has changed. So has our climate. Never has the necessity of building a sustainable world been so real and so urgent. But stepping into this reality should not evoke dark clouds as it is also an opportunity for hope

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