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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

June 10, 2015 Faith groups seek climate deal boost from Pope, pilgrimage

Source: Reuters

BARCELONA - A “People’s Pilgrimage” to highlight the effects of climate change and an upcoming papal encyclical on the environment aim this month to invigorate political will for an ambitious new deal to curb global warming.

June 10, 2015 Hawaii Is Aiming for 100 Percent Energy Renewables. Can the Nation Follow?

Source: NewsWeek

With Hawaii Governor David Ige’s signature, a 30-year countdown begins. By 2045, Hawaii’s utilities must generate 100 percent of their electricity from renewable sources. This makes the 50th state the first to set its sights on a...

June 10, 2015 G7 Carbon Goal May Come Too Late, Scientists Say

Source: Climate Central

Ridding the global economy of its carbon is the only way to stabilize the climate, something the leaders of the G7 nations recognized Monday when they called for all countries to cease emitting climate-changing greenhouse gases...

June 9, 2015 G7 Leaders Agree On Action To Limit Global Warming To 2 Degrees

Source: Think Progress

Group of Seven (G7) leaders agreed to limit global warming to 2°C at a meeting in Germany on Monday, a feat they hope to accomplish by reducing their carbon emissions, mobilizing $100 billion a year for climate change mitigation,...

June 8, 2015 California keeps talking climate change, but who’s listening?

Source: Sacramento Bee

The outcome was never in doubt when California’s Democratic-controlled Senate last week took up – and passed – the latest package of environmental bills to come out of California. Still, lawmakers argued a familiar litany of...

June 8, 2015 Five G7 nations increased their coal use over a five-year period, research shows

Source: The Guardian

Britain, Germany, Italy, Japan and France burned more coal between 2009 and 2013 and demanded poor countries slash their carbon emissions

June 7, 2015 Six Months Before the Paris Climate Talks, Nations Have a Lot of Work to Do

Vice News - Jennifer Morgan, the global director for the climate program at the World Resources Institute (WRI),said that it's important to keep a bigger, long-term strategy in mind. When diplomats meet in Paris at the end of the...

June 5, 2015 US scientists: Global warming pause 'no longer valid'

Source: BBC

US researchers say new evidence casts doubt on the idea that global warming has "slowed" in recent years.A US government laboratory says the much talked about "pause" is an illusion caused by inaccurate data

June 5, 2015 IKEA pledges 1 billion euros to help slow climate change

Source: Reuters

IKEA, the world’s biggest furniture retailer, plans to spend 1 billion euros ($1.13 billion) on renewable energy and steps to help poor nations cope with climate change, the latest example of firms upstaging governments in...

June 5, 2015 Climate change is already killing people around the world — and it’s only going to get worse

Source: Rawstory

In February, President Obama said that the media “absolutely” overstates the risk of terrorism, while many more lives are claimed by climate change and epidemics. Mike Huckabee shot back, telling Fox News, “I assure you that a...

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