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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 22, 2014 New Poll Reveals The U.S. Is Number One In Climate Change Denial

Source: i09

The British survey company Ipsos Mori has released its first ever Global Trends Survey, summarizing views from 20 countries on issues ranging from privacy and technology to health and the environment. On the subject of climate...

July 21, 2014 Combat global warming by taxing carbon: Guest opinion

Source: Oregon Live

This month, energy experts from the United States, China, and 13 other nations released a report to the United Nations called "Pathways to Deep Decarbonization" offering practical paths for transitioning their countries away from...

July 21, 2014 Great Barrier Reef 'in worst state since records began'

Source: The Guardian

The Great Barrier Reef is in the worst state it's been in since records began and will be "pretty ugly" within 40 years, Australian scientists say. A Senate committee is investigating how the Australian and Queensland governments...

July 21, 2014 Climate models on the mark, Australian-led research finds

The Land - Setting aside the fact the equal hottest years on record 2005 and 2010 fall well within the past 17 years, Dr Risbey and fellow researchers examined claims â including by some members of the...

July 21, 2014 Climate change is far from the only cause of a rapid rise in disasters

Source: The Guardian

A recent World Meteorological Organisation report described the frightening increase in weather and climate related disasters that occurred over the last four decades. Floods became more frequent and costly, hurricanes caused...

July 21, 2014 Sonic cannons for E. Coast: Obama approves oil exploration despite ‘threat to sea life’

Source: RT

The Obama administration has announced it is reopening the US Eastern Seaboard to offshore oil and gas exploration, clearing the way for the use of sonic cannons to locate energy deposits - despite the threat to sea life.

July 21, 2014 California Drought: Lack of water hinders California's clean energy goals

Source: KPCC

California's ongoing drought could complicate the state's effort to combat global warming. The San Francisco Chronicle reports Sunday that a drought stretching on for years could slash the amount of clean energy collected from...

July 18, 2014 Without Much Straining, Minnesota Reins In Its Utilities’ Carbon Emissions

Source: NY Times

When city leaders and state legislators agreed last year to fund roughly half the $1 billion cost of a new stadium for the Minnesota Vikings, they attached the usual strings for such projects: It had to be architecturally iconic,...

July 18, 2014 Climate Change Activists Call for Carbon Emissions Cap in Virginia

AUTO WORLD NEWS - Called the îRegional Greenhouse Gas Initiativeî, the environmental group's proposal would cap carbon emissions produced by power plants in nine states from Maryland to Maine, the Associated Press...

July 18, 2014 Germany is most energy efficient major economy, study finds

Source: The Guardian

Germany is the world's most energy efficient country with strong codes on buildings while China is quickly stepping up its own efforts, an environmental group said Thursday. The study of 16 major economies by the Washington-based...

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