Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
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 9, 2014 The Heat Is On: Three Ways To Avoid Climate Armageddon
Forbes - The UN îIntergovernmental Panel on Climate Changeî (IPCC) report echoes the work released by 13 US federal government agencies this past spring predicting that climate change would harm the American economy...
December 9, 2014 Global warming threat cut slightly, still severe -studySource: Reuters
Projected global warming this century has slowed but is still at a severe rate after promises by China, the United States and the European Union to limit greenhouse gas emissions, a scientific study showed on Monday.
December 9, 2014 Study: Causes of Calif. drought natural, not man-madeSource: USA Today
Natural weather patterns, not man-made global warming, are causing the historic drought parching California, says a study out Monday from federal scientists. "It's important to note that California's drought, while extreme, is...
December 8, 2014 California drought, high temperatures create worst conditions in 1,200 years: studySource: Reuters
A combination of record high temperatures and sparse rainfall during California’s three-year drought have produced the worst conditions in 1,200 years, according to a study accepted for publication by the American Geophysical...
December 5, 2014 Long-term environmental damage by CO2 emissions: Study
KhaleejTimes - CO2 emissions cause global temperatures to increase for about a decade, but then temperatures stay high for a long time. Washington -Refuting common misconceptions that todayâs carbon dioxide (CO2) emissions...
December 5, 2014 2014 set to be hottest year on record, U.N. climate agency reportsSource: LA Times
This year is on track to be the hottest on record, with rising sea surface temperatures linked to the spread of extreme weather events around the globe, the United Nations climate agency reported Wednesday
December 4, 2014 Poll: 83% of Americans say climate is changingSource: USA Today
Eight out of 10 Americans now believe the climate is changing, according to a new survey conducted for Munich Re America, the world's largest reinsurance firm.
December 4, 2014 How to calculate the impact of carbon emissions
forumblog.org - It's one of the most important questions we all face. It lies at the heart of the Intergovernmental Panel on Climate Change's 5th report on climate science, which appeared in 2013. The lead author of the report,...
December 4, 2014 Drought in U.S. and Brazil Linked to Hottest Year Ever
Businessweek - âThe world is going in the wrong direction,â said Jennifer Morgan, director of the climate program at the îWorld Resources Instituteî, who has been tracking the talks for two decades....
December 4, 2014 World Climate Talks In Lima Aim To Move Beyond Kyoto TreatySource: NPR
Every year the United Nations invites environmental experts and diplomats from around the world to negotiate ways to slow global warming. This year's meeting runs this week and next in Lima, Peru.
|HOME | ABOUT THE SITE | REGISTRATION INFORMATION | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|