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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

May 23, 2018 BP invests $20 million in batteries that can charge electric cars in five minutes

Source: CNBC

BP has invested $20 million in Israel's StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes.

May 22, 2018 UN Climate Talks Gear Up for December

Source: loe.org

Host Steve Curwood and Union of Concerned Scientists Policy Director Alden Meyer spoke about progress in Bonn and the road ahead. CURWOOD: Here’s another cool fix for a hot planet, the UN climate treaty. In December its 190...

May 22, 2018 The hidden carbon cost of everyday products

Source: The Conversation

The targets set in the Paris Agreement on climate change are ambitious but necessary. Failure to meet them will lead to widespread drought, disease and desperation in some of the world’s poorest regions. Under such conditions...

May 21, 2018 Earth Experiences 400th Consecutive Warmer-than-Average Month

Source: Interesting Engineering

The Earth has now had 33 years of rising and above-average temperatures. According to recent reports from the National Oceanic and Atmospheric Administration's monthly global climate report, this marks the 400th consecutive month...

May 18, 2018 NASA reveals major changes in worldwide water availability

Source: CBS News

Earth has experienced significant shifts in freshwater distribution across the globe thanks to climate change, water management and natural cycles, among other factors, according to a NASA study.

May 17, 2018 Timber is Oregon’s biggest carbon polluter

Source: High Country News

Wildfire is not the biggest source of climate-warming carbon dioxide in Oregon forests — logging and wood products are.

May 16, 2018 Delhi: Brace for fresh water crisis

Source: Times of India

NEW DELHI: After a brief Supreme Court-mediated period of respite, the capital is likely to face water scarcity again from Tuesday as the level in the Wazirabad pond have dropped several feet below the normal level.

May 16, 2018 ‘Impossible to Ignore’: Why Alaska Is Crafting a Plan to Fight Climate Change

Source: NY Times

WASHINGTON — In the Trump era, it has mainly been blue states that have taken the lead on climate change policy, with liberal strongholds like California and New York setting ambitious goals for cutting greenhouse gas emissions.

May 15, 2018 Not just Hawaii: The U.S. has 169 volcanoes that could erupt

Source: Star Advertiser

The U.S. Geological Survey counts 169 potentially active volcanoes in the country — some of them straight-from-the-textbook conical mountains topped with craters, and others that hardly look the part at all. About 50 of them in...

May 15, 2018 Pictures of the Drastic and Deadly Impacts of Climate Change

Source: TheStreet.com

Earth's climate is unequivocally warming, evident from observations of increases in global air and ocean temperatures, widespread melting of snow and ice, and rising sea levels, an intergovernmental panel on climate change...

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