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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

December 15, 2014 Climate deal eked out in Lima advances talks as diplomats eye global pact next year

Source: Washington Post

Efforts to forge a comprehensive climate treaty advanced early Sunday as diplomats eked out an agreement that commits all countries to addressing the causes of climate change but leaves many of the particulars unresolved.

December 14, 2014 Weather Bombs, Polar Vortex: Global Warming's Influence On Extreme Weather

Science 2.0 - The îIntergovernmental Panel on Climate Changeî (IPCC), stung by unsubstantiated claims of melting Himalayas and African food declines, has asked journalists and researchers not to try and attribute...

December 12, 2014 Poll: Only 1 Percent of Americans Cite Global Warming as Top Concern

Source: Breitbart

A new USA Today/Pew Research poll finds that President Barack Obama's core policy initiatives such as combating global warming and income inequality barely register as top concerns for most Americans

December 12, 2014 Cutting carbon a good business opportunity, private sector told

Source: Reuters

Whatever the global climate agreement reached next year in Paris looks like, the private sector will need to dramatically step up efforts to cut global carbon emissions, negotiators and analysts said at U.N. climate talks in Lima...

December 12, 2014 11 Senators Just Told EPA Its Carbon Rule Can Actually Cut More Power Plant Emissions

Source: ThinkProgress.org

Eleven United States Senators think the new federal rule cutting the nation’s carbon emissions could go even further. Earlier this year, the Environmental Protection Agency (EPA) released the Clean Power Plan, a new regulation...

December 12, 2014 Here's How Much the Storm Is Helping California's Epic Drought

Source: Mother Jones

In the midst of the most intense drought in hundreds of years, Northern California is being bombarded with rain (here are some crazy photos). In a state that produces roughly half of the country's fruits and veggies, the water is...

December 12, 2014 Oil, Natural Gas Drillers Lag in Disclosing Risks

Bloomberg - Of all companies sampled, 24 scored 9 or less. Authors of the report include Liroff, Danielle Fugere of the îAs You Sowî Foundation, a group focused on corporate responsibility, Lucia von Reusner of Green...

December 11, 2014 Disclose climate risk in fossil fuel investments, says UK minister

Source: The Guardian

Britain’s energy and climate change secretary, Ed Davey, has said companies should be required to disclose their investments in fossil fuels, bringing firmly into the mainstream the idea that climate risk will affect the value of...

December 10, 2014 Lima climate talks set for record carbon footprint

Source: Washington Post

LIMA, Peru — The current U.N. climate talks will be the first to neutralize all the greenhouse gas pollution they generate, offset by host country Peru’s protection of forest reserves, organizers say.

December 10, 2014 Green Climate Fund reaches $10 billion goal - video

Source: Reuters Video

"Co chairs, I have been asked by the Australian Prime Minister Tony Abbott to announce today at this meeting that Australia will pledge a contribution of two hundred million Australian dollars over four years to the Green Climate...

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