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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

June 19, 2016 Southwest Braces for Heat Wave With Temps Reaching 120

Source: ABC News

In 120 degree temperatures, some airplanes might not take off. Power grids strain as the outside air keeps transmission lines from cooling. And for desert dwellers, a cold bottle of water and some shade can mean the difference...

June 17, 2016 Experts: Chesapeake Bay’s ‘Dead Zone’ Will Be Smaller This Year

Source: CBS Baltimore

BALTIMORE— The Chesapeake Bay has been showing major signs of improvement this year with clearer water, more bay grasses and an increase in the crab population.

June 17, 2016 Wind, heat whipping up wildfires across the dry West

Source: Washington Post

A fleet of aircraft dropped water and retardant to combat a wind-driven wildfire burning out of control Thursday in rugged coastal canyons west of Santa Barbara, where hundreds of campers, some rural homes and an oil processing...

June 17, 2016 Exxon asks U.S. court to throw out subpoena in climate change inquiry

Source: Reuters

Exxon Mobil Corp asked a federal court on Wednesday to throw out a subpoena that would force the oil company to hand over decades of documents as part of a wide-ranging inquiry into whether it misled investors about climate...

June 16, 2016 Climate change, not population growth, plays the main role in predicting extreme droughts, study reveals

Source: Science Daily

According to a new study, it's climate change -- not population growth – that plays the main role in predicting future exposure to extreme droughts.

June 16, 2016 EU proposes stricter tests on car emissions from 2017 in wake of VW scandal

Source: Reuters

EU regulators proposed stricter tests on Wednesday on car fuel consumption and carbon dioxide emissions from late next year to plug loopholes highlighted by the Volkswagen emissions scandal

June 15, 2016 Film links melting glaciers, land loss in Bangladesh

Melting ice in Antarctica puts as many as 30 million people in Bangladesh at risk of losing their homes over the coming century, according to a new documentary focused on the human cost of climate change.

June 15, 2016 Surprising Way Climate Change Is Impacting Water

Source: News Deeply

Hydroclimatologist Bruce Daniels has analyzed 85 years of rainfall data collected all over California. He talks to Water Deeply about what he’s found and what it means for the state’s groundwater.

June 14, 2016 Future summers could be hotter than any on record

Source: Phys.org

In 50 years, summers across most of the globe could be hotter than any summer experienced by people to date, according to a study by scientists at the National Center for Atmospheric Research (NCAR) in Boulder, Colo. Read...

June 14, 2016 El Nino drives fastest annual increase on record of carbon dioxide

Source: Phys.org

The human-caused rise in atmospheric concentration of carbon dioxide is being given an extra boost this year by the natural climate phenomena of El Niño, say climate scientists in a paper published in today's edition of the...

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