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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

February 13, 2017 Climate change and food security inextricably linked

Source: Khaleej Times

Climate change must be urgently addressed to ensure global food security, according to experts speaking at the World Government Summit in Dubai.

February 13, 2017 Could these five innovations help solve the global water crisis?

Source: The Guardian

A number of creative approaches aim to increase access to clean water in developing countries. We asked two experts to assess some of them.

February 10, 2017 Americans Oppose President Trump's Environmental Deregulation, Poll Says

Source: Time

The majority of Americans oppose President Donald Trump's plan to eliminate environmental regulations that combat climate change, according to a new poll, underscoring skepticism about an oft-repeated promise the campaign trail.

February 10, 2017 Suburbs Are Increasingly Threatened by Wildfires Due to Climate Change

Source: Scientific America

Warmer winters, prolonged drought, and other effects of global warming multiply the threat of fire in these communities

February 10, 2017 Australia swelters in heatwave and argues about energy future

Source: The Guardian

As records tumble on east coast, politicians debate the energy mix they need to combat climate change and ensure supply

February 9, 2017 China draws up ‘ecological red lines’ to protect environment

Source: Express (UK)

CHINA has ordered all its provinces and regions to establish “ecological red lines” that will put large parts of the country off-limits to development, state media has said, part of its efforts to conserve resources and improve...

February 9, 2017 A Risk Analyst on What You Should Worry About (and Ignore) Under Trump

Source: INC

Ian Bremmer, founder of the risk-assessment firm Eurasia Group, explains which Trump White House controversies you should focus on--and which ones are just for show.

February 9, 2017 Senior Republican statesmen propose replacing Obama’s climate policies with a carbon tax

Source: Washington Post

Representatives from a coalition of veteran Republican officials — including five who have either served as treasury secretary or as chairman of the Council of Economic Advisers — met Wednesday with White House officials to...

February 8, 2017 Despite Whistleblower's Concerns, Climate Change Study Called Sound

Source: Live Science

Climate change doubters have seized upon a new accusation suggesting that scientists with the National Oceanic and Atmospheric Administration manipulated temperature data in a 2015 study on climate change to reach a desired...

February 7, 2017 We Need Nuclear to Seriously Address Climate Change

Source: Huff Post

Nuclear power provides 63% of carbon-free electricity and prevents the emission of around 500 million tons of carbon annually in the United States. If nuclear power were removed from the U.S. energy portfolio, electricity sector...

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