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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

April 2, 2018 Cornell touts Sustainability Month with over 80 events

Source: Cornell Chronicle

Cornell goes green by celebrating the pale blue dot – Earth – with Sustainability Month during April. More than 80 events are scheduled, including lectures, films, fashion, art, social justice and climate change leadership...

April 2, 2018 Union Of Concerned Scientists: Electric Car Can Save Average Driver $770 A Year

Source: CleanTechnica

This EV story about the Union of Concerned Scientists Study was first published by Gas2. The Union of Concerned Scientists has released a new study that finds it is cheaper to drive an EV than a conventional car — about...

April 2, 2018 I'm Lovin' It: McDonald's Exemplifies A Sustainability Leader

Source: Forbes

By 2030, McDonald’s is pledging to reduce greenhouse gas emissions from their restaurants and offices by 36 percent, and reduce their emissions intensity (per metric ton of food and packaging) across their supply chain by 31...

April 2, 2018 5th day of water shortages in Greece's second-largest city

Source: ABC News

Large sections of the northern Greek city of Thessaloniki have been without water for a fifth day because of damage to an old pipeline. The center and northwestern parts of Greece's second-largest city have been without water...

April 1, 2018 Stanford law and science experts discuss court case that could set precedent for climate change litigation

Source: Stanford News

Sivas: The way the questions were drafted – relatively straightforward questions of physical science that lead, inexorably, to the Intergovernmental Panel on Climate Change (IPCC) conclusions – and the way the judge...

March 29, 2018 Americans increasingly polarized on global warming, poll finds

Source: CBS News

Americans have grown increasingly polarized in their views on global warming, according to a new poll. "In general, Democrats view global warming seriously, while Republicans view it skeptically," says Gallup, a research-based...

March 28, 2018 Land degradation threatens human wellbeing, major report warns

Source: The Guardian

Land degradation is undermining the wellbeing of two-fifths of humanity, raising the risks of migration and conflict, according to the most comprehensive global assessment of the problem to date.

March 28, 2018 A method for predicting the impact of global warming on disease

Source: Science Daily

Scientists have devised a new method that can be used to better understand the likely impact of global warming on diseases mediated by parasites, such as malaria. The method uses the metabolic theory of ecology to understand how...

March 28, 2018 The Paris Climate Accords Are Looking More and More Like Fantasy

Source: NY Magazine

Remember Paris? It was not even two years ago that the celebrated climate accords were signed — defining two degrees of global warming as a must-meet target and rallying all the world’s nations to meet it — and the returns are...

March 28, 2018 China meets 2020 carbon target ahead of schedule: Xinhua

Source: Reuters

SHANGHAI - China met its 2020 carbon intensity target three years ahead of schedule last year, the official Xinhua news agency reported on Tuesday, citing the country’s top climate official Xie Zhenhua.

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