Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
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
February 24, 2015 Is The EU Finally Breaking Free Of Russia’s Energy Grip?Source: OilPrice
Russian exports of natural gas through the Nord Stream pipeline – which runs from Russia to Germany across the Baltic Sea – have dropped by more than half in February from the same period last year, according to Reuters. Average...
February 24, 2015 Ocean Acidification an Ever-Increasing Problem for U.S. ShellfishSource: Capital OTC
Marine biology researchers found that climate change influences the health of shellfish by boosting the acidification of their environments through the carbon dioxide emissions from burning fossil fuels.
February 24, 2015 Chinese Plans to Transform Coal Would Worsen Global WarmingSource: Scientific America
Nobody knows how many coal conversion projects China actually has, nor their total production capacity, given that Chinese companies—rich in cash and backed by local authorities—often go ahead with the project construction before...
As Brazil continues to battle a historic drought, millions of people in its largest city are about to run out of water. São Paulo, home to around 20 million, is experiencing its lowest rainfall since 1930, and new water-saving...
February 23, 2015 Big Cities Head for Water Crisis as Populations ExplodeSource: Truth Dig
LONDON—More than 40% of the world’s great cities supplied by surface water could become vulnerable to shortages and drought by 2040, according to new research. And more than three out of 10 were already vulnerable in 2010.
February 23, 2015 Five ways that people frame climate change debatesSource: The Guardian
In the case of climate change, framing abounds as CEOs, politicians, NGOs and many more besides vie to frame the debate to suit their agendas - not always with the best environmental outcomes in mind. But even when their...
February 23, 2015 Global “Warning” on Global Warming denied by bribed Harvard Scientist –Climate change misconstruedSource: Times Gazette
A recently revealed report clearly demonstrates the length to which Soon’s work has been associated with funding that he has been receiving from corporate sources. It was proven that he has been funded more than $1.2 million from...
February 20, 2015 Americans Support Action on Global WarmingSource: The Energy Collective
Reports showing that global warming and its worldwide effects on human lives have become more common in recent months and years. Here, we summarize the results of some polls of American public opinion on this subject.
February 20, 2015 Winter storms ease California droughtSource: Reuters
Wet winter storms that dropped up to a foot (30 cm) of rain on parts of California have modestly eased the state's ongoing drought over the past three months, U.S. drought experts said on Thursday.The portion of California in the...
February 20, 2015 Is 'Net-Zero' Carbon Goal to Rescue the Climate Plausible?Source: Inside Climate News
Scientists and policy experts say the time has come to phase out carbon emissions entirely; Shell, Exxon and BP call it an unrealistic idea.
|HOME | ABOUT THE SITE | REGISTRATION INFORMATION | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|