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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 30, 2018 Persistent dryness ‘worrisome’ for Southern California as drought, water supply shortage issues loom

Source: AccuWeather

Unlike the winter of 2016-2017, this season is turning out quite dry for Southern California and the majority of the southwestern United States.

January 29, 2018 French floods: Seine river reaches peak in flood-hit Paris - text/video

Source: BBC

The swollen River Seine in the French capital, Paris, has peaked at about four metres above its normal water level for the time of year.

January 29, 2018 China to develop Arctic shipping routes opened by global warming

Source: BBC

China has announced plans to develop shipping lanes through the Arctic to become a "Polar Silk Route"

January 26, 2018 Renewable Energy Is Critical To Stopping Global Warming

Source: Clean Technica

If it seems impossible to envision most of the world’s countries running on clean, renewable energy, just consider that it has already been predicted that approximately 100% could do so by 2050.

January 25, 2018 Inslee’s carbon-tax plan is about revenue — not climate change

Source: The Hill

Most Washington state residents and lawmakers are no doubt concerned about the threat that climate change poses for our planet, yet Gov. Jay Inslee struggles to gain support for a budget plan that would impose a carbon tax to...

January 25, 2018 Is Your Microwave Nuking the Environment?

Source: Consumer Reports

The study found that the energy required to build and operate 130 million microwave ovens in the European Union over a year created 7.7 million tons of carbon dioxide emissions—equal to the yearly tailpipe emissions from 6.8...

January 24, 2018 Cape water crisis: Who is to blame? The weather, residents, farmers or government?

Source: News 24

The Western Cape water crisis was caused by failure of government to adequately improve water infrastructure, capacity and efficiency to cope with the increased demand for it

January 23, 2018 If we start deliberately cooling the Earth, we may not be able to stop

Source: The Verge

Blasting aerosols into the sky to reverse climate change seems like an exciting proposition, but it may be too dangerous to attempt: If we try and then suddenly halt this form of geoengineering, it could cause more damage than...

January 22, 2018 Earth’s Internal Heat Melting Greenland’s Ice Sheets, Sending Glaciers Into The Sea

Source: International Business Times

At a time when polar ice caps and glaciers around the world are already threatened by the effects of climate change, which has been exacerbated by human activity, scientists have found evidence of another factor — an entirely...

January 19, 2018 New emergency measures for Cape Town as water crisis reaches ‘point of no return’

Source: Business Tech

The City of Cape Town says that reaching ‘day zero’ in its water crises is now practically a given, and has provided the new emergency measures that need to be followed.

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