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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

July 11, 2016 We just broke the record for hottest year, nine straight times

Source: The Guardian

2014 and 2015 each set the record for hottest calendar year since we began measuring surface temperatures over 150 years ago, and 2016 is almost certain to break the record once again. It will be without precedent: the first time...

July 8, 2016 Double shock of El Nino, La Nina could affect more than 100 mln people – UN

Source: Reuters

The U.N. Food and Agriculture Organisation (FAO) estimates that more than 60 million people, two thirds of them in east and southern Africa, are facing food shortages because of droughts linked to El Nino, a climate phenomenon...

July 8, 2016 Global warming to blame for hundreds of heatwave deaths, scientists say

Source: The Guardian

Manmade climate change increased the risk of heat-related deaths by about 70% in Paris and 20% in London in 2003, research shows

July 7, 2016 Florida may spend millions battling stinky algae blooms

Source: Washington Post

Amid a growing outcry — and national headlines — about a massive algae bloom fouling Florida’s southern beaches and rivers, Gov. Rick Scott on Wednesday promised to dedicate millions more to battle the problem.

July 7, 2016 China top polluter Hebei province promises to clean up act

Source: Reuters

Northern China‘s Hebei, home to seven of the country’s 10 smoggiest cities, has pledged to double up its efforts to tackle hazardous pollution following an environment ministry report accusing the province of failing to rein in...

July 7, 2016 The great tide: is Britain really equipped to cope with global warming?

Source: The Guardian

Fourteen of the hottest years on record occurred in the past 15 years. And 2015 was the hottest since records began in 1880. Individual countries will feel the effects of the change in individual ways.

July 7, 2016 Cutting Your Corporate Carbon Footprint? Why You Should Use Science-Based Targets

Source: Forbes

When the Science-Based Targets initiative to cut corporate greenhouse gas emissions was formed in 2014, it started with an ambitious goal: have 100 companies commit to using the best climate science to inform their carbon...

July 6, 2016 This new Antarctica study is bad news for climate change doubters

Source: Washington Post

Washington Post - Most of the state of the art climate change model simulations run to help support the 2013 report of the United Nations ?Intergovernmental Panel on Climate Change did not capture the growth of Antarctic sea ice...

June 30, 2016 The world has the right climate goals — but the wrong ambition levels to achieve them

Source: Washington Post

Now, in a study in Nature, a large team of researchers reaffirm this troubling conclusion in a sweeping manner, by not only reexamining the individual country pledges — also known as Intended Nationally Determined Contributions,...

June 30, 2016 El Nino could drive intense season for Amazon fires

Source: Phys.org

The long-lasting effects of El Niño are projected to cause an intense fire season in the Amazon, according to the 2016 seasonal fire forecast from scientists at NASA and the University of California, Irvine.

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