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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

March 18, 2014 More likely to say global warming exaggerated, Gallup polling suggests

Source: The Hill

Forty-two percent of Americans believe news reports exaggerate the seriousness of global warming, while fewer people think the seriousness is generally correct or underestimated, a Gallup Inc. poll found. In the poll conducted in...

March 18, 2014 Whose Water? Ours! How to End California's Water Crisis

Source: Huff Post

It's sounding again like the drought of 1976-77: "Shower with a friend." "Put a brick in your toilet tank." "Fix your leaky faucet." "Replace your lawn with a cactus garden." And then the pictures: denuded ski slopes, boat docks...

March 17, 2014 Greenland Ice Melt ‘Accelerating,’ Climate Change Awakens ‘Sleeping Giant’

Source: International Business News

Scientists have known for decades that Greenland’s ice sheet is melting, but they may have underestimated just how much water the second-largest ice sheet on the planet is shedding. New research indicates that a key section of...

March 17, 2014 Climate change will reduce crop yields sooner than we thought

Source: PHYS.org

A study led by the University of Leeds has shown that global warming of only 2°C will be detrimental to crops in temperate and tropical regions, with reduced yields from the 2030s onwards. Professor Andy Challinor, from the...

March 16, 2014 Climate change will likely impact health, too

Poughkeepsie Journal - Global warming isnât just bad for the environment. There are several ways that it is expected to take a toll on human health. For starters, the extreme summer heat that is becoming more normal in a...

March 14, 2014 Global Warming May Be More Severe Than We Thought, Study Finds

Mashable - Those previous studies were based in large part on recent surface temperature trends. See also ... the transient climate response calculation determines how much global temperatures will change as atmospheric carbon...

March 14, 2014 Poll: Global warming no big threat to USA life

Source: USA Today

Though two-thirds of Americans believe global warming is happening or will happen during their lifetime; only about one-third see it as a serious threat to their way of life a Gallop poll shows.

March 14, 2014 Pollution-hit Paris offers free public transport (video)

Source: Euronews

An exceptionally mild March has seen pollution levels soar in Paris, prompting urgent action to make the city air more breathable. Warm weather combined with heavy traffic has badly affected air quality, exposing inhabitants and...

March 13, 2014 Senate All-Nighter on Climate Shows Resolve in the Face of Gridlock

Insurance News Net - WASHINGTON, March 10-- The îUnion of Concerned Scientistsî issued the following news release: At least 28 U.S. senators will speak through the night ... > 2553

March 13, 2014 NASA Study Projects Higher Temperatures Despite Recent Slowdown in Global Warming

Source: Bloomberg

Global temperatures will likely continue to rise in coming decades on track with higher estimates, despite a recent slowdown in the rate of global warming, according to a new study from a National Aeronautics and Space...

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