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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

May 24, 2016 Burning all fossil fuels could lead to global warmth not seen in 65 million years

Source: USA Today

If every last crumb of fossil fuel on the planet was burned — all 5.5 trillion tons of the Earth's oil, coal and natural gas now underground — the world could heat up by as much as 18 degrees in the next three centuries,...

May 20, 2016 India Records Its Hottest Day Ever As Temperatures Soar To 124 F

Source: Huff Post

The severe heat wave that stifled India last May caused at least 2,300 deaths across the country. It was, according to Jeff Masters, Weather Underground’s director of meteorology, the fifth deadliest heat wave in Earth’s recorded...

May 20, 2016 Carbon Dioxide Levels Jump by Record Amount Due to El Nino

Source: ABC News

The amount of heat-trapping carbon dioxide in the air jumped by the biggest amount on record last month, a rise amplified by El Nino, scientists say.

May 19, 2016 These U.S. Cities Are Best Prepared to Adapt to Climate Change

Source: Alternet

While many municipalities have plans to cope with higher temperatures and rising sea levels, few have developed detailed strategies to implement them.

May 19, 2016 We need a Paris climate talks to fix the global food system

Source: Quartz

International trade in food has grown markedly in recent decades. Some 20% of food now crosses an international border.

May 18, 2016 Ontario to spend $5.4 billion to cut carbon footprint : Globe and Mail

Source: Reuters

The government of the Canadian province of Ontario plans to spend more than C$7 billion ($5.41 billion) over four years from 2017 in a bid to cut the province’s carbon footprint, the Globe and Mail reported on Monday.

May 18, 2016 The Biggest Source of Air Pollution In Your Area May Surprise You

Source: Gixmodo

The largest source of deadly air pollution in many parts of the world isn’t cars or power plants—it’s farms. That’s the unsettling conclusion of a study conducted by researchers at Columbia University, who found that agricultural...

May 18, 2016 Why 2016 could be the hottest year in history

Metro International - The prediction of climate scientists and indeed the World Economic Forum is that the involuntary displacement of very large numbers of people is the "new normal" â?? not some temporary "blip" â??...

May 18, 2016 Why We Should Stop Calling California's Water Shortage a Drought

Source: Fortune

“As long as the public sector continues to refer to this as the drought, public policy is not going to change, because everyone is going to wait for a good rain,” he said at Fortune’s Brainstorm E conference on Tuesday in...

May 17, 2016 Last Month Was The Warmest April Ever Recorded, Continuing 7-Month Hot Streak

Source: Huff Post

Last month was the warmest April ever recorded, with soaring temperatures that smashed the previous monthly record by the largest margin in known history.

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