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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 26, 2016 U.S. Senator: 'Global Warming is...the Moral Challenge of Our Generation'

Source: CNS News

Sen. Jeff Merkley (D.-Ore.) declared on the Senate floor last week that “global warming is…the more challenge of our generation.”

April 25, 2016 How NYC plans to slash greenhouse gas emissions by 80 percent

Source: CBS

The city will require private building owners to update heating and power systems to help meet a goal of cutting greenhouse gas emissions 80 percent by 2050, Mayor Bill de Blasio said Friday.

April 25, 2016 Editorial: The Guardian view on the UN climate change treaty: now for some action

Source: The Guardian

It was a spectacular signal of global intent on Friday when more than 170 governments signed up to the Paris deal. But it’s just the start of a long, hard road

April 22, 2016 Why is Earth Day on April 22? History, facts and more on environmental holiday

Source: AL.com

April 22 is the day set aside to celebrate the Earth and learn more about the environment. It's a yearly commemoration that dates back to 1970 but have you ever wondered why it's celebrated on April 22?

April 22, 2016 4 policies that could help solve the world's water crisis

Source: GreenBiz

Less than a decade ago, mainstream discussion started to include predictions of a future where global demand for water exceeds supply. Today, water scarcity is an unfortunate reality in all too many places.

April 22, 2016 7 things you can do for the planet this Earth Day

Source: Greenpeace

More than 45 years ago – on the very first Earth Day – tens of millions of people decided to do something about environmental destruction. They rallied against pollution, oil spills, pesticides and deforestation… issues that...

April 21, 2016 Global warming is making weather BETTER: 80 per cent of Americans are benefiting from nicer conditions than 40 years ago

Source: Daily Mail

The study showed that 80 per cent of US citizens live in places where the weather has improved over the last forty years.

April 21, 2016 Earth Day 2016 shows some gains, some losses

Source: Tallahassee.com

As we celebrate Earth Day 46 years after it started, I can’t help but wonder what Sen. Nelson would think about the state of our planet.

April 21, 2016 California water agencies to urge regulators to ease drought restrictions

Source: LA Times

California water districts large and small are expected to urge regulators on Wednesday to toss out or significantly relax emergency drought orders requiring residents to take shorter showers and let their lawns turn brown.

April 21, 2016 Race to ratify the Paris climate deal starts at the UN

Source: BBC

Around 155 countries are expected to formally sign the deal at the UN, setting in motion events that could see the treaty operational within a year. The UN says the expected record turnout for the signing shows overwhelming...

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