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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

October 22, 2014 US greenhouse gas emissions rise despite Obama's new climate change push

Source: Guardian (UK)

America’s energy-related carbon pollution rose 2.5% last year despite President Barack Obama’s efforts to fight climate change, according to new federal data. The rise in emissions from burning coal, oil, natural gas and other...

October 22, 2014 Study projects effect of rising seas on U.S. coast

Las Vegas Review-Journal - The îUnion of Concerned Scientistsî, based in Cambridge, Massachusetts, is a science advocacy organization that in the past has urged such policy steps as tighter fuel standards. > 1862

October 21, 2014 Why governments must lead on climate change

forumblog.org - and a senior fellow of the Global Green Growth Institute and the îInternational Institute for Sustainable Developmentî. Image: A small geothermal power plant is seen near the town of Laugarvatn in...

October 21, 2014 Bushfire season 'will be more severe as a result of climate change'

Source: Guardian (UK)

http://www.theguardian.com/australia-news/2014/oct/21/bushfire-season-will-be-more-severe-as-a-result-of-climate-change

October 21, 2014 September 2014 Breaks Global Heat Record; 2014 On Track to Become Hottest Year Yet - text/video

Source: Weather Channel

September 2014 is now the hottest month recorded since 1880. In a statement released Monday, the National Oceanic and Atmospheric Administration (NOAA) announced that last month broke the global heat record by clocking in at an...

October 20, 2014 What if Climate Change is Worse Than We Thought?

Source: Counterpunch.org

New studies about the warming of the planet and the risk of massive release of methane from the Arctic are “worse than we thought.” As it goes, the danger to human existence, i.e., to a nice long life on the planet, is obscured...

October 20, 2014 Why the Fracking Boom Probably Won’t Slow Global Warming

Source: Bloomberg/BusinessWeek

The fracking revolution in the U.S. has dramatically expanded the supply of unconventional natural gas and lowered energy prices around the world. Many other countries, from Britain to China, are now eyeing geological surveys and...

October 20, 2014 From Apple to Wal-Mart, Companies Make Bets on Climate Change

Source: Bloomberg

In the five years since the CPLI first launched, the index beat both the Bloomberg World Index, which tracks the largest companies across sectors by market value, and the îDow Jones Sustainabilityî World Index...

October 17, 2014 Texas Plant to Capture, and Then Reuse, Carbon

Source: NY Times

Amid the calls to capture carbon to save the climate, a Texas company is preparing to do that job for profit. At Capitol Aggregates, a cement plant near San Antonio, the Skyonic Corporation of Austin, plans to open a $125...

October 17, 2014 Four questions every candidate should answer on climate change

Source: The Hill

As much as I—and other climate-change-conscious-voters—would love it if this were not a pressing and potentially catastrophic issue, that’s not the case

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