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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

August 28, 2014 4 Scenarios Show What Climate Change Will Do To The Earth, From Pretty Bad To Disaster

Co.EXIST - This graphic from the îWorld Resources Instituteî gives a sense of the dynamics at play. It presents four "emissions pathways," ranging from the very optimistic to the highly pessimistic. The first "Low...

August 27, 2014 Tons of Emissions from Power Plants Are Already Locked In, Study Says

Source: National Geographic

The world's existing power plants are on track to pour more than 300 billion tons of carbon dioxide into the atmosphere, and current monitoring standards often fail to take these long-term emissions into account, according to new...

August 27, 2014 California drought: San Jose declares water shortage, but won't fine wasters

Source: San Jose Mercury News

SAN JOSE -- More than seven months into the California drought, San Jose has officially declared a citywide water shortage, asking the city's 1 million residents to cut their water use by 20 percent -- but there will be no new...

August 27, 2014 Science group says climate change worsening, dangerous

Source: USA Today

Human influence on the planet's climate is clear and having "widespread and consequential impacts on human and natural systems," some of which may be irreversible, says a draft report out today from a United Nations science panel.

August 26, 2014 New Study Provides More Evidence That Global Warming ‘Pause’ Is A Myth

Source: Think Progress

It’s one of the most oft-used arguments put forth by climate deniers: that there has been “no global warming” for the last 17 years, as evidenced by a supposed lack of increase in global average surface temperature.

August 25, 2014 Climate Change Could Happen Slower for the Next Decade, Study Says

Time - âEach of the last three decades has been successively warmer at the Earthâs surface than any preceding decade since 1850,â according to a different study published by the îIntergovernmental Panel on...

August 25, 2014 Did Drought Lead to 6.0 Quake in California? Residents Wonder

Source: Latin Post

Recent reports that the earth's crust covering the Golden State region has risen a sixth of an inch, due to loss of groundwater amid the crippling drought throughout the western United States, has prompted residents in the...

August 25, 2014 5 Ways Climate Change Is Ruining Your Breakfast

Source: Mother Jones

It would be bad enough if Nutella were the only food that melting ice caps and changing weather patterns are threatening to rob from the breakfast table. But no—the list of climate change's culinary casualties goes on. Here are...

August 25, 2014 'Green' bonds a hit among corporates

Source: National Multi Media

More global giants are investing in new initiatives to combat climate change. In May, utility company GDF Suez issued a green bond worth 2.5 billion euro, to support its ambitious development strategy in renewable energies and...

August 25, 2014 Turf removal in parched California, at a glance

Source: Washington Post

As more Californians tear out their lawns and plant drought-friendly gardens, many homeowners wonder how the effort will pencil out.

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