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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

December 15, 2015 Americans Still Don't Know What Climate Change Is, Google Shows

Source: Huff Post

World leaders took a major step forward Saturday when they reached an accord on curbing the climate change crisis facing our planet -- but if Google search data is anything to go by, Americans are barely aware that there was a...

December 14, 2015 The Guardian view on COP 21 climate talks: saving the planet in a fracturing world

Source: Guardian

In the late 20th century, those who stood against globalisation were charged with swimming against an unstoppable tide, caricatured as “Stop the world, I wanna get off!” But in the 21st century, history is running with the...

December 14, 2015 How the world learned its lesson and got a climate deal

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Six years earlier, countries had bitterly walked away from global climate talks in Copenhagen without a deal. The decision to reassemble in Paris to try again at getting almost 200 countries to sign a pact on cutting carbon...

December 14, 2015 Israel’s Solution for World’s Water Shortage Could Lead to Grassroots Movement (INTERVIEW)

Source: The Algemeiner

Speaking with me in Austin, Texas, in between his 55th and 56th speaking engagements for “Let There Be Water: Israel’s Solution for a Water-Starved World,” author Seth M. Siegel laments how the Barnes & Noble retailer places his...

December 14, 2015 Hope From Paris

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Did the Paris climate accord save civilization? Maybe. That may not sound like a ringing endorsement, but it’s actually the best climate news we’ve had in a very long time. This agreement could still follow the path of the 1997...

December 14, 2015 China, U.S. relationship key in climate agreement

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After the December 2009 Copenhagen climate talks descended into chaos, some of the sharpest finger-pointing was directed at China.

December 14, 2015 After Paris Climate Agreement, Will Innovative Energy Projects Take Off? Historic Deal Calls For Hopeful Technology

Source: Jnternational Business Times

During the climate-change conference outside Paris over the past couple of weeks, a private-public coalition was announced to boost spending on clean-energy research and development to help increase the reach of solar and wind...

December 13, 2015 Here's what the Paris world climate agreement will do — and what it won't

Source: LA Times

The historic climate agreement reached at the Paris summit Saturday commits for the first time virtually every nation to reducing the greenhouse gas emissions that cause climate change.

December 11, 2015 These Are the Disagreements Holding Up Paris Climate Change Talks

Source: Time

Less than 24 hours remain before negotiations in Paris aimed at crafting the world’s most significant agreement to address climate change are scheduled to close. The draft agreement now measures just less than 20,000 words, down...

December 11, 2015 China says its measures cut emissions in Beijing

Source: Philly.com

BEIJING - China's environment ministry said pollutants were reduced by a third in Beijing during this week's temporary restrictions to reduce heavy smog, which included taking half the city's cars off the roads.

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