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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 18, 2016 In 2015, the US economy was more than twice as energy efficient (‘green’) as in 1970 when Earth Day started

Source: American Enterprise Institute

The EIA released new energy data recently showing that the US had the most energy-efficient economy in history last year, based on the amount of energy expended to produce each real dollar of Gross Domestic Product (GDP). In...

April 18, 2016 EU weighs stress tests for banks’ climate risk exposure

Source: Reuters

Financial firms in the European Union may have to undergo stress tests on their exposure to climate change risk, such as floods, and to energy intensive sectors where assets are more exposed to repricing, a document seen by...

April 18, 2016 Energy And The 2016 Presidential Candidates

Source: Forbes

With the New York Primary elections just a day away, it is enlightening to hear what each candidate thinks about the controversial issues surrounding energy and power. Energy is far more important to our future, our economy and...

April 18, 2016 Australia state bans underground coal gas drilling

Source: Reuters

Australia's Queensland state on Monday banned underground coal gasification, a controversial process used to convert coal into gas.

April 15, 2016 Greenland's Melt Season Started Nearly Two Months Early

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Warm, wet conditions rapidly kicked off the melt season this weekend, more than a month-and-a-half ahead of schedule. It has easily set a record for earliest melt season onset, and marks the first time it’s begun in April.

April 15, 2016 Why Evidence For Climate Change Has Nothing To Do With Strange Weather (Yet)

Source: Forbes

Is there a list of strange weather that happened around the world in 2015 to support the idea that global warming is real? originally appeared on Quora – the knowledge sharing network where compelling questions are answered by...

April 15, 2016 Paris climate deal on target, two years ahead of schedule

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The global deal reached at the Paris climate conference of December 2015 could come into force two years ahead of schedule, according to comments Monday by Christiana Figueres, the United Nations' climate chief

April 15, 2016 NYC launches Earth Day 2016 events in Union Square

Source: Metro

Green is the theme as this year’s Earth Day celebration kicks-off in Union Square on Sunday with dozens of environmental organizations, green businesses, interactive exhibits, kids' activities, and live performances.

April 14, 2016 Exposed: Coal Companies Secretly Funding Climate Science Denial

Alter Net - All through the 1990s, coal trade groups also were members of the Global Climate Coalition, an alliance of companies and business groups that disputed the findings of the U.N. Intergovernmental Panel on Climate Change...

April 14, 2016 Earth Day – 2016: Ideas for a healthier Earth

Source: Science Blog

Earth Day: More than just a day for planet recognition. It is, as well, a day where active and purposeful participation can make all the difference in the world. Cliché though that may sound, it is so true, nonetheless

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