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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

September 12, 2014 Ford Roundtable: Protecting Forests Benefit Climate, Bottom Line

Environmental Leader - The meeting will take place on Sept. 22, the eve of the îUnited Nationsî Climate Summit, and will include Unilever CEO Paul Polman, policy makers from Indonesia and Brazil, and other leaders....

September 12, 2014 The oceans are acidifying at the fastest rate in 300 million years. How bad could it get'

Vox - That largely depends on how much extra carbon dioxide we put into the atmosphere. Below is a map from the îIntergovernmental Panel on Climate Changeî (IPCC) looking at what would happen if emissions keep rising...

September 12, 2014 As Climate Change Hits Home, Americans Call for Action

Source: Huff Post

Seventy percent of Americans view climate change as a serious problem and support federal efforts to reduce global warming pollution, according to an ABC/Washington Post poll. Support runs deep and wide. More than two-thirds of...

September 11, 2014 Amazon deforestation jumps 29%

Source: Guardian

The destruction of the world’s largest rainforest accelerated last year with a 29% spike in deforestation, according to final figures released by the Brazilian government on Wednesday that confirmed a reversal in gains seen since...

September 11, 2014 Rocky Mountain forests are dying, report finds, blaming climate change

Estes Park Trail Gazette - The Union of Concerned Scientists and Rocky Mountain Climate Organization report, released Wednesday morning, says aspen trees likely will decrease by 45 percent in Colorado and 61 percent across the...

September 11, 2014 California drought: Residents use less water, but is that enough? (+video)

Source: Christian Science Monitor

Three years into a historic drought, and in the midst of their state’s driest year on record, Californians are at long last beginning to change their behavior, water analysts say.The analysts, who say much more needs to be done...

September 10, 2014 10 Birds Your Grandkids May Never See, Thanks to Climate Change

Source: Mother Jones

Long before modern times, human beings caused great extinctions of charismatic animals, including many species of birds. From the gigantic Moas of New Zealand (the Polynesians killed them off in about 100 years after arriving),...

September 10, 2014 Climate Week NYC Will Help Secure Critical Business and Government Buy-In for a Global Climate Deal Next Year

Source: Huff Post

In a couple of weeks, New York City will be host to more than a hundred events about climate change. From roundtables showcasing the latest low carbon innovation, to mass gatherings demanding climate action, this unprecedented...

September 10, 2014 How big is your water footprint' You may be surprised

Yahoo News - LONDON, Aug 22 (îThomson Reutersî Foundation)- If you recently bought a pair ... director of the Water Footprint Network, which promotes îsustainabilityî and efficiency of water use,...

September 9, 2014 Research shows surprise global warming 'hiatus' could have been forecast

Source: Guardian

Australian and US researchers have shown that the slowdown in the rate of global warming in the early 2000s, known as a so-called “global warming hiatus”, could have been predicted if today’s tools for decade-by-decade climate...

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