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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

September 10, 2014 How big is your water footprint' You may be surprised

Yahoo News - LONDON, Aug 22 (îThomson Reutersî Foundation)- If you recently bought a pair ... director of the Water Footprint Network, which promotes îsustainabilityî and efficiency of water use,...

September 9, 2014 Research shows surprise global warming 'hiatus' could have been forecast

Source: Guardian

Australian and US researchers have shown that the slowdown in the rate of global warming in the early 2000s, known as a so-called “global warming hiatus”, could have been predicted if today’s tools for decade-by-decade climate...

September 9, 2014 Group claims climate change fueling costly wildfires

KTVZ.com - In its report issued last week, the îUnion of Concerned Scientistsî noted that to pay for the cost of fighting blazes, the U.S. Forest Service â the primary federal agency responsible for combating...

September 9, 2014 CO2 surge drove greenhouse gas levels to new high in 2013

Source: Reuters

Atmospheric volumes of greenhouse hit a record in 2013 as carbon dioxide concentrations grew at the fastest rate since reliable global records began, the World Meteorological Organization said on Tuesday.

September 8, 2014 How Cities Can Battle Climate Change with Resiliency Planning

Source: Triple Pundit

Climate change is not going away, so cities large and small must adopt resilient and collaborative strategies not only to cope with the mounting risks they face, but also to survive. It’s no longer a matter of picking and...

September 8, 2014 Activists promise biggest climate march in history

Source: The Guardian

Hundreds of thousands of people are expected to take to the streets of New York, London and eight other cities worldwide in a fortnight to pressure world leaders to take action on global warming, in what organisers claim will be...

September 8, 2014 Napa earthquake shakes loose unknown groundwater

Source: SF Gate

The San Francisco Chronicle reported Sunday that the magnitude 6.0 earthquake on Aug. 24 unexpectedly forced groundwater to the surface, filling dry creek beds and parched streams in the region.

September 8, 2014 World Falls Behind in Efforts to Tackle Climate Change: Report

Source: Scientific America

LONDON - The world's major economies are falling further behind every year in terms of meeting the rate of carbon emission reductions needed to stop global temperatures from rising more than 2 degrees this century, a report...

September 5, 2014 New study finds 99.999 percent certainty humans are causing global warming

Raw Story - The 2013 îIntergovernmental Panel on Climate Changeî Fifth Assessment Report provided an expert consensus that: It is extremely likely [defined as 95-100% certainty] that more than half of the observed...

September 5, 2014 Coal Plant Gets EPA’s First-Ever Approval To Inject Carbon Emissions Underground

Source: Climate Progress

The Environmental Protection Agency for the first time on Tuesday issued permits to allow a coal-fired power plant to capture its carbon dioxide emissions and inject them deep underground, a process that many hope could help...

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