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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

July 27, 2016 Youth Perspective: If carbon pricing is so great, why isn’t it working?

Source: Reuters Sustainability

Earth’s atmosphere has long served as a free dump for carbon dioxide and other greenhouse gases generated by humans. That is changing as policy-makers embrace economists’ advice that the best way to cut greenhouse gas emissions...

July 26, 2016 Will regulating airline emissions help curb global greenhouse gas emissions'

The Christian Science Monitor - according to the World Resources Institute. The EPA's findings cover 89 percent of greenhouse gas emissions from large aircraft, but not helicopters, small turboprop and recreational planes, or...

July 26, 2016 Recipe For War: Remove Water and Food, Add Ethnic Strife—Then Stir

Source: Bloomberg

The question is no longer just whether climate change will kill us, but also whether climate change will make us kill each other.

July 22, 2016 What science can tell us about the links between global warming and massive heat waves

Source: Washington Post

The United States is witnessing a massive, dangerous heat wave, as a huge system of high pressure covers the central part of the country. It’s a big enough deal that yesterday President Obama even tweeted about it, including a...

July 21, 2016 Climate change illustrated in 5 charts

Source: Nola

WeatherDB, a weather data site by Graphiq, breaks down climate change into five charts illustrating three of the major players in the complicated climate change web: temperature, carbon dioxide and water. Regardless whether you...

July 21, 2016 EU national climate goals test bloc’s resolve amid Brexit

Source: Reuters

EU regulators handed out bitterly disputed national emissions-reduction targets on Wednesday for spreading the burden of the bloc’s climate goals by 2030, despite risks Britain’s exit could unravel the effort to fight global...

July 21, 2016 In Arab World, Water Scarcity Crisis Looms Too Quietly

Source: NonProfit Quarterly

The Arab world comprises the 22 countries and territories of the Arab League. It possesses some of the world’s greatest oil reserves, but it’s running out of water. This crisis might lead to more political convulsions and war, or...

July 20, 2016 Water Crisis: Conflict ... or Resolution?

Source: UNLV

The Colorado River resource, how to use it, share it, and protect it, Sternlight and Mulroy agree, is a critically important environmental and natural resource issue for the West, the United States, Mexico, and, by extension, a...

July 20, 2016 Treasury cut to carbon capture will cost UK £30bn, says watchdog

Source: The Guardian

The government’s cancellation of a pioneering £1bn competition to capture and store carbon emissions may have pushed up the bill for meeting the UK’s climate targets by £30bn, according to a report from the UK’s official spending...

July 20, 2016 This Year's Record Arctic Melt Is a Problem For Everybody

Source: Gizmodo

Climate feedbacks aside, the rapid disintegration of Arctic sea ice will have a dramatic impact on the ecology of this unique part of our planet. The ice shelf is home to numerous charismatic megafauna, including Pacific walruses...

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