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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 8, 2015 Green’ political donor vows climate agenda push in 2016 U.S. race

Source: Reuters

Environmental activist and billionaire Tom Steyer served notice on Monday that he will use his wealth to try to bring climate change into the 2016 U.S. presidential campaign, vowing to target Republican hopefuls who deny the...

April 7, 2015 Western Canada to lose 70 per cent of glaciers by 2100

Source: UBC News

Seventy per cent of glacier ice in British Columbia and Alberta could disappear by the end of the 21st century, creating major problems for local ecosystems, power supplies, and water quality, according to a new study by UBC...

April 7, 2015 This Is How America Really Feels About Climate Change: New Model Breaks It Down To The County Level

Source: IB Times

There have been plenty of reports and coverage about global warming, or climate change, but how do Americans really feel about the phenomenon? Researchers from Yale University and Utah State University created a model that...

April 6, 2015 Cut carbon now to avoid climate tipping points

Source: Eco Business

The researchers ? from the UK, Switzerland and the US ? conclude that policy-makers must apply the brakes and put a high price on carbon emissions “before it is too late”.

April 6, 2015 California Governor Defends Water Restrictions That Largely Spare Farms

Source: Time

Governor Jerry Brown defended his state’s new mandatory water restrictions on Sunday as critics claim they largely spare some farms that consume much of California’s water.

April 6, 2015 Poll: Americans Starting to Worry About Climate Change Now That It Affects Their Lawns

Source: The New Yorker

SACRAMENTO – A new poll shows that Americans who were unconcerned about climate change as it wreaked havoc around the world are beginning to worry, now that global warming is affecting the appearance of their lawns.

April 6, 2015 Report: Sea level will rise

carolinacoastonline.com - The draft also contains scenario-based global sea level rise projections, based on data from the îIntergovernmental Panel on Climate Changeî. The panelâs scenarios on low and high...

April 5, 2015 Calif. drought challenges state's businesses

azcentral.com - "We're on a real collision course with a very dark reality," says Dave Puglia, senior vice president of the îWestern Growersî Association in Irvine, Calif., a grower and packer trade group. WHO GETS...

April 3, 2015 Climate: Russia sketches emissions cut of up to 30%

Economic Times - Russia is the fifth biggest emitter of greenhouse gases in the world, after China, the United States, the European Union (EU) and India, according to the US thinktank the îWorld Resources Instituteî...

April 3, 2015 WRI Launches New Tool For Tracking And Comparing National Climate Plans

Ecosystem Marketplace - 27 March 2015 | Earlier this week, the îWorld Resources Instituteî (WRI) launched its CAIT Paris Contributions Map, a new tool on the CAIT Climate Data Explorer for tracking and analyzing...

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