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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:



Latest on Global Warming and Climate Change

November 18, 2015 Amid record global temperatures, Senate votes to block Obama’s Clean Power Plan

Source: Washington Post

Even as new data suggest that October of 2015 was a record-breaking hot month — with a 1.04 degree Celsius global temperature anomaly, the biggest monthly departure from average ever seen in NASA records — Senate Republicans led...

November 17, 2015 What is global warming?


Soon, the world will gather in Paris to forge a global pact to reduce greenhouse gas emissions blamed for dangerous levels of global warming.

November 17, 2015 Gambling the World Economy on Climate

Source: Wall Street Journal

The United Nations climate conference in Paris starting Nov. 30 will get under way when most minds in the French capital will still understandably be on the recent terror attacks. But for many of the 40,000 attendees, the goal is...

November 17, 2015 Opinion: These investments can help you profit from global warming

Source: MarketWatch

Global warming is real. The literal rocket scientists at NASA say so. In fact, 97% of scientists think so. Even the majority of those who describe themselves as “conservative Republicans” say so.

November 17, 2015 El Niño on track to be among worst ever, but world better prepared for fallout – UN

Source: UN News Centre

The current El Niño, a weather pattern of devastating droughts and catastrophic floods that can affect tens of millions of people around the globe, is expected to strengthen further by year's end, on track to be one of the three...

November 16, 2015 Society 'to be hit by climate change'

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Human societies will soon start to experience adverse effects from manmade climate change, a prominent economist has warned.

November 16, 2015 Social cost of carbon emissions in spotlight

Nature - The panel is drafting a preliminary report looking at whether the US government's figure should be adjusted to account for the science in the Intergovernmental Panel on Climate Change's latest assessment, completed in...

November 16, 2015 How Not Cutting Trees Has Become One of the World's Most Successful Climate Efforts

Source: Huff Post

Huffington Post UK - We are only a few weeks away from the COP21 climate summit in Paris. According to the Intergovernmental Panel on Climate Change (IPCC), 11 per cent of global carbon emissions come from deforestation. That is...

November 16, 2015 Coal not going away anytime soon despite renewables push

Source: Denver Post

BEIJING— Coal: Can't live with it and can't live without it — at least not yet. It is the biggest source of heat-trapping greenhouse gases that negotiators around the world hope to limit in an agreement to be thrashed out in...

November 16, 2015 France to Push On With Climate Summit After Paris Attacks

Source: Bloomberg

The French government vowed to push on with the United Nations Climate summit in Paris this month and will boost security for the more than 120 world leaders traveling to a city reeling from a deadly terrorist attack.

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