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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

January 21, 2015 New standard for companies to report their greenhouse gas emissions

StreetInsider - Today, the World Resources Institute launched the updated Greenhouse Gas Protocol Accounting Guidance for companies and governments to report their emissions from electricity used (Scope 2). The framework...

January 21, 2015 Despite Threat, Few CEOs Say Climate Change Should Be Government Focus

Source: International Business Times

Only a fraction of CEOs worldwide say governments should make combating climate change a top priority, a survey released Tuesday indicates. The survey of more than 1,300 CEOs from 77 countries was released by...

January 21, 2015 Pope: Failing to Care for Environment Is a Betrayal of God

Source: Slate

Pope Francis has been wading into environmental issues during his week-long Asian tour, but he issued the strongest words on Sunday, when he said that man was betraying God’s calling by destroying nature. Or at least that’s what...

January 20, 2015 The Danger The Planet Faces Because Human Instinct Overpowers Human Reason

Source: Huff Post

The numbers are in. 2014 was the hottest year on Earth ever recorded (records go back to 1888). December finished it off as the hottest month ever. 6 of the months last year, in fact, hold that record. The last time a 'coldest...

January 20, 2015 California’s Forests: Where Have All the Big Trees Gone?

Source: National Geographic

California has lost half its big trees since the 1930s, according to a study to be published Tuesday in the Proceedings of the National Academy of Sciences—and climate change seems to be a major factor.

January 20, 2015 HOT AIR: Scientists Say NOAA/NASA Fudging The Facts On 2014 Record Warmth

Source: Daily Caller

Some climate scientists are criticizing government climate agencies for declaring 2014 the warmest year ever recorded, despite reports that government scientists were only 38-48 percent sure that 2014 broke records, given the...

January 19, 2015 US & China Ready to Embrace Clean Energy in 2015

Environmental Leader - By 2020, multi-crystalline silicon modules, a common and inexpensive solar panel type, are projected to drop 30 percent, according to Bloomberg îNew Energy Financeî (BNEF). 3. Materials are in...

January 19, 2015 It’s Official: 2014 Was the Hottest Year on Earth Ever Recorded

Source: NewsWeek

Independent analyses released Friday from both NASA and the National Oceanic and Atmospheric Administration (NOAA) came to the same conclusion: A hotter year on earth has never been recorded. Plus, December hit a record all on...

January 17, 2015 Michigan's Governor Snyder eyes phasing out coal-fired power generation, unlike counterparts

Platts - "It seems like all the pieces are falling into place." According to the îUnion of Concerned Scientistsî, renewables could supply 32.5% of Michigan's electricity needs by 2030 with virtually no effect on power...

January 16, 2015 Human Impacts On The Planet Pushing Earth Into 'Danger Zone'

Source: Fuff Post

Climate change and high rates of extinctions of animals and plants are pushing the Earth into a danger zone for humanity, a scientific report card about mankind's impact on nature said on Thursday

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