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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

June 17, 2015 Global Water Shortage: Study Says Third of Aquifers Running Dry

Source: NBC News

California isn't the only place where water is in short supply. More than a third of the world's groundwater basins are distressed, according to a new study, and climate change and a growing population will only make things...

June 16, 2015 Our scorched Earth in 2100: Nasa maps reveal how climate change will cause temperatures to soar

Source: Daily Mail

New data released by Nasa scientists is revealing how temperature and rainfall patterns around the world may change by the year 2100. Using climate change predictions based on increasing levels of carbon dioxide, the data reveals...

June 16, 2015 Key to climate deal lies outside the United Nations arena, according to analysts

The China Post - Alden Meyer, a veteran observer with the U.S.-based îUnion of Concerned Scientistsî, pointed to about a dozen meetings in the coming months offering chances of leapfrogging the labyrinthine processes...

June 16, 2015 El Nino Seen by Citigroup Posing Risks for Global Economy

Bloomberg - The pattern is developing as food prices measured by the îUnited Nationsî are the lowest in more than five years because of increasing global supplies. The cost of rice, the staple for half the world, is...

June 16, 2015 Do a state's politics influence its greenhouse gas emissions? Yes, study says

Source: LA Times

Over the years, it's been a tough road for environmentalists pushing for greenhouse gas emission curbs at the federal level — but advocates shouldn't give up hope, say researchers at Michigan State University.

June 15, 2015 Pope Francis Gears Up for Environmental Push

Source: Time

Pope Francis called on the world’s Catholics to pay attention to environmental issues on Sunday, only days before the he’s due to release a landmark encyclical, or teaching letter, calling on people across the world to act as...

June 15, 2015 California moves to restrict water pumping by pre-1914 rights holders

Source: LA Times

For the first time in nearly 40 years, state regulators are telling more than 100 growers and irrigation districts with some of the oldest water rights in California that they have to stop drawing supplies from drought-starved...

June 12, 2015 Congress, Pay Attention to This Carbon Tax Bill

Source: Bloomberg

The challenge to prevent climate change is daunting for its scale. How can society change human behavior widely enough to stop the accumulation of atmosphere-warming gases -- without swelling the government or ruining the economy?

June 12, 2015 Inaction on climate change now will cost us all in the future: UN labour chief

New Kerala - The head of the îInternational Labour Organizationî on Thursday opened a summit meeting devoted to tackling climate change as a unique opportunity for job creation and economic growth, saying that up to...

June 12, 2015 EPA considers regulating emissions by airliners

Source: Philly.com

WASHINGTON - The Obama administration proposed Wednesday to regulate aircraft emissions in much the same way as power plants, saying they are a threat to human health because they contain pollutants that help cause global...

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