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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

May 9, 2016 How climate change will impact the global middle class

Source: GreenBiz

Poor people are often flagged as most likely to be affected by climate change, but Donovan concluded that the environment has moved from being a "luxury good" to being increasingly "embedded" in developed world politics.

May 9, 2016 After the Pacific Ocean swallows villages and five Solomon Islands, a study blames climate change

Source: Washington Post

The scene of this rising sea is an archipelago of upthrust volcanoes and coral atolls, which dots the Pacific to the northeast of Australia: the Solomon Islands. There, a swollen sea is claiming the shoreline — and even,...

May 6, 2016 Oil Giants Would Be Worth More by Drilling Less in a Low-Carbon World, Analysts Say

Source: Inside Climate News

Inside Climate News - "By investing less you actually end up with more," said Andrew Logan, director of the oil, gas and insurance programs at Ceres, a Boston-based non-profit that works with the business community on...

May 6, 2016 Global warming is pushing high altitude clouds towards the poles, Nasa study finds

Source: Daily Mail

A new Nasa analysis of 30-years of satellite data has revealed high altitude clouds shifting toward the poles are being moved by the expansion of the tropics. The changes could dramatically affect the planet's climate, expert...

May 6, 2016 Pressure builds on shipping industry to set carbon targets

Source: Reuters

LONDON, Disagreement among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global curbs to be set soon, before countries or regional blocs...

May 6, 2016 The Climate Post: Studies Make Predictions about Climate Change Impacts

Source: Huff Post

Limiting global average temperature increase to “well below” 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit that increase to 1.5 degrees Celsius—as agreed at the United Nations Climate Change...

May 6, 2016 Plans for coal-fired power in Asia are 'disaster for planet' warns World Bank

Source: The Guardian

Experts have offered stark warnings that proposed power plants in India, China, Vietnam and Indonesia would blow Paris climate deal if they move ahead

May 6, 2016 Checkmating The Left On Global Warming

Source: Forbes

Liberal politicians like Barack Obama, Bernie Sanders, Joe Biden, and John Kerry tell us global warming is the greatest threat to our national security and future generations, requiring the transformation of our economy to...

May 5, 2016 Governments should study worst-case global warming scenarios, former U.N. official says

Source: Reuters

A United Nations panel of scientists seeking ways for nations to limit global warming to 1.5 degrees Celsius should not dissuade governments from concentrating on bleaker scenarios of higher temperatures as well, its former chief...

May 5, 2016 The Chaos of Predicting Climate Change [Video]

Source: Scientific America

.A live Webcast Wednesday will discuss the necessity of chaos theory and supercomputers in modeling climate change

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