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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

October 16, 2014 Global Warming: Plants Absorbing More CO2 Than We Thought

Nature World News - Back in August, the îIntergovernmental Panel on Climate Changeî (IPCC) warned in a report that the world faces "severe, widespread and irreversible" effects of climate change if drastic action...

October 16, 2014 Natural gas isn’t key to greener future, says study

Source: Tech Times

Moving from coal and oil for power to cleaner-burning natural gas to cut down on greenhouse gas emissions and slow down climate change is not likely to be a successful strategy in the long term, a new study suggests.

October 16, 2014 Climate Change an 'Immediate Risk,' Pentagon Says

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The U.S. Department of Defense released a new report this week that says climate change poses an "immediate risk to national security." The so-called road map is designed to help the military navigate and prepare for increasing...

October 9, 2014 Scientists explain why record-high Antarctic sea ice doesn’t mean global warming isn’t happening - text/video

Source: Washington Post

The Antarctic has been brimming with sea ice in 2014, hovering around record-high extent for most of the year. On September 20, it peaked at 7.78 million square miles, breaking the previous Antarctic sea ice extent record, which...

October 8, 2014 Can A Carbon Tax Create Jobs, Jobs, Jobs'

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Ah,there's the rub. The Intergovernmental Panel on Climate Change insists that we take a path that will get us to a low-carbon future and they insist that we use an all-of-the-above strategy to get there. But the only ... > 1862

October 8, 2014 Rising seas seen causing routine floods in U.S. cities: study

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As sea levels rise, tidal flooding along the U.S. coast is likely to become so common that parts of many communities, including the nation’s capital, could become unusable within three decades, according to a new report from the...

October 7, 2014 U.S. top court rejects challenge to ozone regulations

Source: Reuters

The Supreme Court on Monday rejected an industry challenge to U.S. Environmental Protection Agency regulations issued by Republican former President George W. Bush’s administration that set standards for ozone pollution.

October 7, 2014 Can Sucking CO2 Out of the Atmosphere Really Work?

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Physicist Peter Eisenberger had expected colleagues to react to his idea with skepticism. He was claiming, after all, to have invented a machine that could clean the atmosphere of its excess carbon dioxide, making the gas into...

October 7, 2014 Scientists speed up analysis of human link to wild weather

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And in 2011, the Intergovernmental Panel on Climate Change (IPCC) issued a report saying it was "likely" - a two-thirds chance or more - that maximum and minimum daily temperatures around the globe had already increased because...

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High County News - Thatâs the message of a report released last week by the nonprofit îUnion of Concerned Scientistsî and the Colorado-based Rocky Mountain Climate Organization. The authors want people to see...

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