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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 5, 2017 Earth's Oceans Are Steadily Warming

Source: The Atlantic

Across the planet, the ocean surface has been warming at a relatively steady clip over the past 50 years.

January 4, 2017 In 2017, disruptive forces will shape climate action

Source: Reuters

In 2016, exciting new developments unleashed a visionary sense of where renewables can take us, with solar breaking new ground. 2016 delivered the first solar-powered round the world flight, plans to build roads paved with solar...

January 4, 2017 Five U.S. cities at the forefront of the fight against climate change

Source: Reuters

From coast to coast, U.S. cities have multiplied their efforts to emit fewer greenhouse gases and brace for climate change-driven natural disasters, scientists and environmentalists say.

January 3, 2017 U.S. Carbon Dioxide Emissions Fall to Lowest Since 1991

Source: Forbes

Energy-related carbon dioxide emissions have fallen to their lowest level since 1991, thanks to natural gas and hydro power gaining a greater share of the U.S. electricity mix. According to the U.S. Energy Information...

January 3, 2017 Q&A: Why some extreme weather events can now be blamed on climate change

Source: PBS

Droughts, wildfires, heat waves, intense rainstorms—these are all extreme weather phenomena that occur naturally. But climate change is now increasing the frequency and magnitude of many of these events. Flooding in Paris and the...

December 30, 2016 Christmas Day 2016 sets new UK record for renewable energy use

Source: The Guardian

The company said more than 40% of the electricity generated on the day came from renewable sources, the highest ever. It compared with 25% on Christmas Day in 2015, and 12% in 2012.

December 30, 2016 Green news quiz: how well do you know 2016's biggest sustainability stories?

Source: The Guardian

Take our quiz to test your knowledge of the biggest sustainability stories

December 29, 2016 The climate struggle is real: 10 biggest global warming stories of 2016

Source: Salon

This year is likely to be remembered as a turning point for climate change. It’s the year the impacts of rising carbon pollution became impossible to ignore. The world is overheating, and vast swaths of the planet have suffered...

December 28, 2016 Global Warming: Most Depressing Stories Of 2016

Source: Itech Post

Circulating around social media, 2016 has lightheartedly been called "the year on fire," and in terms of weather change, it was.

December 28, 2016 How climate change transformed the Earth in 2016

Source: CBS

2016 was a milestone year in the continued warming of the planet. From unstable agriculture to the drought in California to melting ice sheets to extreme weather events and heat waves, climate change has disrupted virtually every...

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