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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.)

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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 23, 2017 Dakota Access Pipeline owner sues Greenpeace, arguing it broke organized crime law

Source: Washington Post

The company behind the Dakota Access Pipeline, which drew international attention for potentially endangering the water supply of Native American tribes in the Dakotas, accused Greenpeace and other environmental activists who...

August 23, 2017 Court ruling could broaden U.S. government environmental impact studies

Source: Reuters

NEW YORK- U.S. regulators assessing new gas pipelines must try to analyze their potential to increase greenhouse gas emissions before giving them the go-ahead, an appeals court ruled on Tuesday, in a decision that industry...

August 22, 2017 Agriculture a culprit in global warming, says U.S. research

Source: Reuters

NEW YORK- Agriculture has contributed nearly as much to climate change as deforestation by intensifying global warming, according to U.S. research that has quantified the amount of carbon taken from the soil by farming.

August 21, 2017 Volkswagen bringing back microbus in 2022

Source: Fox 31 Denver

The ID Buzz concept van is an all-wheel-drive vehicle with electric motors in front and back. Together, the motors can produce 369 horsepower. That’s a vast improvement over the famously underpowered and slow original VW...

August 21, 2017 CalPERS Flexes its Proxy Muscles

Source: Chief Investment Officer

The California Public Employees’ Retirement System (CalPERS), with its $330 billion invested in more than 10,000 public companies, is again using its voting rights to effect changes that reflect its policies and principles during...

August 21, 2017 Trump disbands federal advisory panel on climate change: report

Source: The Hill

The Trump administration will push ahead with disbanding a federal advisory panel that reported on climate change, The Washington Post reported Sunday.

August 18, 2017 Kuwait's inferno: how will the world's hottest city survive climate change?

Source: The Guardian

Malls and office complexes continue to spring up in Kuwait City, built by migrants often working illegally in soaring temperatures. But as oil and water reserves dwindle, the energy-guzzling citystate heads for an existential...

August 18, 2017 July Was the 2nd Hottest Month in Recorded History

Source: Bloomberg

The National Oceanic and Atmospheric Administration said Thursday Earth sweated to its second hottest month since recordkeeping began in 1880. At 61.89 degrees (16.63 Celsius), last month was behind July 2016's all-time record by...

August 17, 2017 Global Warming Will Be Good For Humanity

Source: Clean Technica

A set of questions tends to circle around human-caused global warming and climate change. Will it be bad for us? Won’t it be good for anything?

August 16, 2017 Climate change will cut crop yields—study

Source: Inquirer.net

MIAMI—Climate change will have a negative effect on key crops such as wheat, rice, and maize, according to a major scientific report out Tuesday that reviewed 70 prior studies on global warming and agriculture. Read more:...

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