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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

November 20, 2014 Climate change to increase flood, crop insurance losses

Source: USA Today

WASHINGTON — Climate change could substantially increase losses in taxpayer-backed flood and crop insurance programs in coming decades, according to a new government report.

November 20, 2014 Epic snowstorm on track to set a record in Buffalo

Source: USA Today

Buffalo's first snowstorm of the season could give the area a year's worth of snow — around 8 feet — in just three days. More than 5 feet of snow was already on the ground Wednesday, and another round of lake-effect snow is...

November 20, 2014 World Isn't Even Close to Stopping Global Warming: U.N.

Source: NBC News

The world still isn't close to preventing a dangerous level of man-made warming, a new United Nations report says. That's despite some countries’ recent pledges to cut back on carbon dioxide emissions. The report looks at the gap...

November 20, 2014 5 questions about this crazy weather, answered

Source: CBS News

With an epic storm dumping nearly a year's worth of snow on the Buffalo area in just a few days and a weather system that sent temperatures in all 50 states to freezing or below, many Americans are wondering what's to blame for...

November 19, 2014 The moral issue of climate change

Source: Washington Post

The politics of selfishness was embraced enthusiastically last week by Sen. Mitch McConnell. In dismissing President Obama’s deal with China to reduce carbon emissions, the incoming Senate majority leader said “carbon emission...

November 19, 2014 Asia Pushes Hard for Clean Energy

Source: NY Times

LONDON — Even as China’s economy begins to cool, its hunger for energy is still climbing.mSo also is its capacity to generate power from multiple sources, ranging from coal and nuclear to wind, solar and hydroelectric. Those...

November 19, 2014 Does the Keystone pipeline really matter?

Source: CNBC

Jason Feer, Head of Business Intelligence at Poten & Partners, discusses the significance of the Keystone XL pipeline following the rejection of the bill by the U.S. Senate on Tuesday.

November 19, 2014 Australia stands firm against G20 pack on climate change

Reuters - Abbott made the remarks at a joint press conference in Canberra with visiting French President Francois Hollande, who said he hoped a new deal on carbon emissions would be legally binding and linked to a new...

November 19, 2014 Stunning NASA Visualization Reveals Secret Swirlings of Carbon Dioxide

Source: National Geographic

NASA has released a stunning visualization of how carbon dioxide flows around the world. In the simulation, plumes of the greenhouse gas gush into the atmosphere from major industrial centers, swirling from continent to continent...

November 18, 2014 Farmers and scientists divided on climate change

Source: Agri-View

Crop producers and scientists hold deeply different views on climate change and its possible causes, a study by Purdue and Iowa State universities shows.

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