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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

June 24, 2014 Court slows EPA on emissions, but largely backs its rules

Source: CNN

The Supreme Court on Monday took away some of the government's power to tighten emission standards, but preserved the majority of its authority under federal law to regulate greenhouse gases. In a 5-4 decision, the justices...

June 24, 2014 Are Desalination Plants Solution to World’s Fresh Water Crisis?

Source: The Geen Optimistic

To make ocean salt water drinkable- this is the ultimate dream of numerous researchers and engineers. And many of them have already made quite an attempt to do so.

June 24, 2014 Water Scarcity May Spark Geopolitical Conflicts: Council

Source: Bloomberg

Water scarcity may spark geopolitical conflicts in such countries as those around the Tigris-Euphrates and Nile river basins, according to the World Water Council’s president. “Water and politics, they go hand-in-hand,” Benedito...

June 23, 2014 Climate change crunch looming, says university pension fund

City Wire - One of these has had particular impact. The Climate Change 2014: Impacts, Adaptation, and Vulnerability report released at the end of March by the îIntergovernmental Panel on Climate Changeî (IPCC), stated...

June 23, 2014 Political climate change Rubens, Lambert switch sides

Union Leader - That must have been a shock to his buddies at the far-left îUnion of Concerned Scientistsî, where he spent years advocating government action to increase energy prices in the name of curtailing global...

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Raw Story - The report, released at the Asian Clean Energy Forum on Wednesday in Manila, was based on the latest findings of the îIntergovernmental Panel on Climate Changeî, which predicted that the effects of climate...

June 23, 2014 Social, Sustainable Activism Takes the Field at the World Cup

brandchannel - Brazil is also stealing the spotlight for its own sustainable practices. According to the Union of Concerned Scientists Brazil is ranked as a global example in combating deforestation and decreasing greenhouse gas...

June 23, 2014 How International Paper Cuts Greenhouse Gas Emissions

Triple Pundit - Biomass is considered a renewable fuel because its energy came from the sun and it can be re-grown in a relatively short period of time, according to the îUnion of Concerned Scientistsî. Biomass...

June 23, 2014 Australian PM Introduces Bill to Repeal Carbon Tax

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Prime Minister Tony Abbott reintroduced legislation to the Australian Parliament on Monday that would repeal a carbon tax that the nation's worst greenhouse gas polluters have to pay. The opposition center-left Labor Party and...

June 23, 2014 Stopping Global Warming By Cutting Down On Oil and Coal

Spy Ghana - However, the US now has a framework with which to make bigger cuts. And a Union of Concerned Scientists analysis details how energy efficiency and renewable energy could close the gap by 2030. Others such as Stanford...

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