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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 4, 2016 One Nation's Malcolm Roberts vows to halt 'ridiculous lies' on climate change (Australia)

Source: The Guardian

On the day the government moved to save 15 of 35 climate science positions planned to be cut at the CSIRO, the Senate election results in Queensland showed One Nation’s Malcolm Roberts had won a second seat for the party in that...

August 3, 2016 California drought: Residents continue conservation with 21.5 percent cut despite relaxed drought rules

Source: Mercury News

Statewide, urban residents cut water use 21.5 percent in June, compared with the same month in 2013, the year the state has been using as a baseline, according to new data released Tuesday.

August 3, 2016 Climate scientists' diagnosis of Earth: "Fever rises"

Source: CBS News

Earth's fever got worse last year, breaking dozens of climate records, scientists said in a massive report nicknamed the annual physical for the planet.

August 3, 2016 California wildfires likely to worsen as season peaks: forecaster - text/video

Source: Reuters

New Myanmar government tackling land-grab issue Demos hinder Olympic torch relay route Australian couple find sinkhole in backyard Washington man kills three after...

August 2, 2016 Looking, Quickly, for the Fingerprints of Climate Change

Source: NY Times

For years, most meteorologists and climate scientists would answer that question with a disclaimer, one that was repeated so often it became like a mantra: It is not possible to attribute individual weather events like storms,...

August 2, 2016 Wildfires burn in 7 Western states, prompt evacuations

Source: Times Union

Wildfires are burning in seven Western U.S. states, from California's famed Big Sur region to tribal towns and hamlets near Reno, Nevada. More than a dozen homes were destroyed in Montana, and evacuations were ordered in Nevada,...

August 1, 2016 Lake Tahoe: Warmest water temperatures ever recorded threaten famed clarity, new study shows

Source: Mercury News

Lake Tahoe's average surface temperature last year was the warmest ever recorded, the latest evidence that climate change is altering California's iconic Sierra Nevada landmark

August 1, 2016 Poll: Californians support new law to battle climate change

Source: SD Union-Tribune

As the future of California’s marquee climate-change law remains in limbo, a new poll finds a majority of residents support expanding efforts to fight greenhouse gases — as well as paying for the associated energy costs

July 29, 2016 The global philosopher: Who should pay for climate change?

Source: BBC

Most climate scientists think the world is getting warmer and that humans are at least in part responsible. Almost every country in the world has pledged to make efforts to stabilise greenhouse gas concentrations in the...

July 29, 2016 Is working hard bad for the environment?

Source: GizMag

In a welcome sacrifice for the good of the planet, a United Nations' International Resource Panel study found that saving the environment may require people work fewer hours in the future. A growing middle class has led to a...

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