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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 25, 2015 Climate pressures threaten political stability – security experts

Source: Reuters

LONDON – Politically fragile countries face breakdown as a result of mounting climate change pressures, and even stable ones may find coming shocks too big to manage peacefully, security and development experts warned.

June 25, 2015 Clean energy will dominate in 25 years, but we're still screwed

Source: Fortune

By 2040 the majority of the world’s energy will be clean, but new coal plants will also mean the world will be a much hotter place.

June 25, 2015 Thinking beyond a global carbon price

Source: The Economist

LAST month the G7 heads of state reaffirmed their commitment to stabilising global temperature rise at no more than 2°C above preindustrial levels. That in itself was not new: the 2°C goal was formally adopted in 2010 by the 195...

June 25, 2015 California Is Running On Empty

Source: NewsWeek

A 40 million person California is an iffy place. It is entirely dependent on a sophisticated, man-created infrastructure of dams, reservoirs, canals, pumps, freeways, rail lines, airports and schools and universities.

June 24, 2015 Netherlands ordered to cut greenhouse gas emissions

Source: BBC

A Dutch court has ordered the government to cut greenhouse gas emissions by at least 25% by 2020, in a case environmentalists hope will set a precedent for other countries. Campaigners brought the case on behalf of almost 900...

June 24, 2015 Climate Change Calls for Science, Not Hope

Source: NY Times

Now, environmental experts are suggesting that some parts of the (US) strategy are, at best, a waste of money and time. At worst, they are setting the United States in the wrong direction entirely.

June 23, 2015 World power sector emissions seen peaking in 2029 -research

Reuters - Despite this, coal will continue to play a big part in world power with emissions continuing to rise for another decade and a half, unless further radical policy action is taken," said Michael Liebreich, chairman of...

June 23, 2015 World has 10 years to combat climate change, prevent health catastrophe – scientists

Source: RT

Society has 10 years to tackle climate change or humanity could lose 50 years of progress in global health, a major new report claims. However the study also said that tackling global warming provides society with the greatest...

June 22, 2015 Oil exploration at the heart of new 'battle of Seattle'

Athens News - It has been more than 15 years since tear gas filled the streets of Seattle and tens of thousands of people protested the meeting of the îWorld Trade Organizationî, or WTO. That week of protests in late...

June 22, 2015 Studies Show that Global Warming May Not Affect Higher Winter Death Rates

Source: Pioneer News

On our planet, winter is a harsh season. Many species struggle during the unforgiving conditions, and humans are no different. And it might seem that the plus side of this is that global warming would mean the winters aren’t so...

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