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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 27, 2015 Is Climate Change To Blame For The Northeast Snow Storm?Source: Huff Post
Some forecasters have projected a record snowstorm for the Northeast in the coming hours, which isn't exactly the sort of thing that makes people think about global warming.
January 27, 2015 La Niña Events May Spike with Climate ChangeSource: Live Science
The extremely strong La Niña events that can shake up global weather patterns may soon hit nearly twice as often as they did previously, due to global warming, researchers say in a new study.
January 26, 2015 Nick Stern Is Wrong; Climate Change Is Not The Largest Market Failure The World Has Ever SeenSource: Forbes
The takeaway line from the Stern Review, Sir Nicholas Stern’s (now Lord Stern) investigation into climate change and what, if anything , we might do about it, is that climate change is the largest market failure the world has...
A climate change advocate, believed to be a Greenpeace activist and Guardian contributor, has called for the beheading of so-called “climate change deniers”, arguing the world would be a better place without them. The comments...
January 26, 2015 U.N. asks countries for climate plans after record warm 2014Source: Reuters
The United Nations asked governments on Thursday to submit plans to cut greenhouse gas emissions as the building blocks of a deal due in Paris in December to limit global warming, after scientists said 2014 was the hottest year...
January 23, 2015 Climate Change Moves the Doomsday ClockSource: Discovery
The end of civilization as we know it just got a little closer. According to an update to the Doomsday Clock, the world is now three minutes from midnight and one of the big reasons is the failure to reduce greenhouse emissions...
January 23, 2015 Little argument about reality of global warming
Delta Optimist - The most recent report from the UN îIntergovernmental Panel on Climate Changeî, authored by 450 lead authors (unpaid climate researchers), states that current climate change can be clearly attributed...
Source: Nature World News
Rising temperatures are causing Greenland's meltwater lakes to drain at a dramatic rate, disappearing in a matter of just a few weeks, according to a new study.
January 22, 2015 Senate Republicans back measure saying climate change real, but don't agree humans to blameSource: US News
The Republican-controlled Senate acknowledged Wednesday that climate change is real but refused to say humans are to blame. The series of votes publicly tested Republicans' stance on global warming just days after two federal...
January 21, 2015 Obama: No greater threat to future than climate changeSource: CNN
)—What President Barack Obama described as the greatest threat to future generations was neither terrorism nor ISIS. It wasn't nuclear weapons in rogue states either.
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