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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

August 17, 2015 Soon, a pill to cut methane gas production by cows

Economic Times - The study is noteworthy because methane is a potent greenhouse gas. Globally, according to the îUnited Nationsî' Food and Agriculture Organisation, animal agriculture emits 44 per cent of the methane...

August 14, 2015 Global warming increases 'food shocks' threat

Source: BBC News

Climate change is increasing the risk of severe 'food shocks' where crops fail and prices of staples rise rapidly around the world.

August 14, 2015 Rich nations’ climate plans fall short of hopes for Paris summit

Source: Reuters

Developed nations are on track to cut their greenhouse emissions by almost 30 percent by 2030, Reuters calculations show, falling far short of a halving suggested by a U.N. panel of scientists as a fair share to limit climate...

August 14, 2015 This Year’s El Niño Could Be the Strongest Ever Recorded

Source: Time

The world could be headed for one of the strongest El Niños in recorded history, the National Oceanic and Atmospheric Administration (NOAA) said Thursday. A strong El Niño event would disrupt weather patterns across the globe,...

August 13, 2015 National Geographic Redrew Its World Maps to Reflect Dwindling Arctic Ice

Source: Weather Channel

In what its editors say was "one of the most striking changes in the publication's history," National Geographic's 10th edition of its annually published Atlas of the World -- which was released in September 2014 -- included a...

August 13, 2015 Squamish site will debut device that pulls carbon dioxide directly out of the air

climate-conscious Calgary firm is readying itself to pull carbon - and eventually cash - out of thin air with a new pilot project in B.C.. Carbon Engineering, founded in 2009 by climate and energy expert David Keith, is a month...

August 13, 2015 Folks in these U.S. states don’t believe in global warming

Source: MarketWatch

The Yale Project on Climate Change Communication created a ‘climate opinion map’ — an interactive online tool supported by a peer-reviewed scientific article published in Nature Climate Change. The map provides estimates of what...

August 12, 2015 Why Misleading Americans About Climate Change Is Dangerous

Source: NY Times

Even as the Pope and some conservatives call for action on climate change, it remains common among Republican politicians to claim that the science on the issue is murky or inconclusive. The latest to take this position is Gov....

August 11, 2015 These six butterflies could disappear forever

Source: CS Monitor

The situation is dire for drought-sensitive butterflies in Britain, but with a little help from humans, it may not yet be too late....

August 11, 2015 Australia unveils emissions reduction target ahead of Paris talks

Source: Reuters

Conservative Prime Minister Tony Abbott on Tuesday announced cuts to Australia’s greenhouse gas emissions that were immediately criticized by environmental groups and opposition politicians for lagging behind other advanced...

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