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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 17, 2014 Earth Day: April 22, 2014 - Stats Energy Evnironment

Source: BCR News

April 22 marks the 44th anniversary of Earth Day — a day intended to inspire awareness and appreciation for the Earth’s natural environment. The day came from reaction to a massive oil spill in waters near Santa Barbara, Calif.,...

April 17, 2014 Felipe Calderón: Economic Arguments Needed to Fight Climate Change

Source: Forbes

What do Chinese coal plants and the American legislative branch have in common? They are both major adversaries in the fight against climate change, according to former President of Mexico Felipe Calderón. “The most serious...

April 17, 2014 More Renewable Energy Needed To Avoid Catastrophic Climate Change

CleanTechnica - Abu Dhabi, UAE: The International Renewable Energy Agency (IRENA) reinforced the call to action from the îIntergovernmental Panel on Climate Changeî (IPCC) to limit global temperature increase and...

April 17, 2014 Five things about: Earth Day

Source: News-Press

Earth Day is April 22, and the spirit of the day is especially strong in Southwest Florida, where residents and tourists are blessed with beautiful beaches, enchanting green vistas even in the darkest months of winter, swamps...

April 17, 2014 A Risk Analyst Explains Why Climate Change Risk Misperception Doesn’t Necessarily Matter

Source: NY Times

David Ropeik, the risk communication consultant and author of “How Risky is it, Really? Why Our Fears Don’t Always Match the Facts,” had some concerns about the way I characterized our “inconvenient minds” in my TEDx talk in...

April 17, 2014 Earth Day 2014

Source: Portland Tribune

Our orbiting rock gets its own celebration — a birthday, of sorts, although Earth Day doesn’t have roots in the Big Bang. Environmentally conscious folks are behind Earth Day, which lands on April 22 every year (Tuesday, this...

April 17, 2014 Poll: 88 percent of Californians say there is 'a serious water shortage' in the state

Source: Mercury News

Nearly nine out of 10 Californians say the state is suffering from a “serious water shortage,” according to a new poll that confirms widespread concern over the lack of rain, diminished Sierra snowpack and low reservoir levels...

April 17, 2014 EU to host industry talks ahead of setting 2030 climate goals

Source: Reuters

The European Commission will hold three meetings this summer on how to ensure the bloc's industries can compete in global markets while meeting goals to cut greenhouse gas emissions, it said on Wednesday. The meetings aim to...

April 16, 2014 Climate Change Action: Faith Community Called to Lead by Example

The Christian Post - A number of organizations continue speaking out about the urgent need to address climate change, however, with îThe Climate Groupî, which hosted the Climate Week conference in New York in...

April 16, 2014 A change in global warming perspective'

Delta Farm Press - The article by Times reporter Justin Gillis, was plenty scary. It discussed the îIntergovernmental Panel on Climate Changeîâs latest report, which Gillis said, âconcluded that ice caps...

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