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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:



Latest on Global Warming and Climate Change

September 14, 2015 Study Predicts 200 Feet Of Sea Level Rise If All Fossil Fuels Are Burned

Source: Huff Post

To be blunt: If we burn it all, we melt it all." So says Ricarda Winkelmann, the lead author of a new paper that paints a dire picture of our planet should we continue to extract and burn the world's coal, oil and natural gas...

September 10, 2015 11 up-and-coming projects in climate change and the environment

Source: Imperial College London

As world leaders prepare to debate the planet's future, Imperial researchers are rising to the challenges of global environmental change.

September 10, 2015 Investing In Low-Carbon Cities Could Save $17 Trillion By 2050

Source: Clean Technica

New research suggests that by investing in low-carbon infrastructure, including transport, building efficiency, and waste management, cities could save $17 trillion by 2050, while also reducing greenhouse gas (GHG) emissions by...

September 10, 2015 Weak climate deal would harm new global goals: Robinson

Source: Reuters

BARCELONA (Thomson Reuters Foundation) - A new set of U.N. development goals, due to be adopted later this month, will be undermined if an international deal to tackle climate change does not set the world on track to keep within...

September 10, 2015 Tackle climate change or face resource wars, Lord Ashdown warns

Source: The Guardian

The former leader of one of the UK’s main political parties says the world will undergo more resource wars and huge movements of desperate people unless it tackles climate change effectively.

September 10, 2015 Will the Paris climate talks hit it out of the park or be a planetary strike-out' (Opinion)

The Christian Science Monitor - it was a decent treaty given the way the world looked in the mid-1990s and what we knew about climate change through the fist two sets of reports by the î??Intergovernmental Panel on Climate...

September 9, 2015 How A Carbon Tax Can Win Bipartisan Support

Source: Triple Pundit

The advocacy group Carbon Washington is attempting to add a carbon tax to the 2016 Washington state ballot. The initiative would tax fossil fuels at $25 per metric ton of carbon dioxide. That’s 25 cents per gallon of gas (3.78...

September 9, 2015 This Is What the World Will Look Like After Climate Change

Source: Mother Jones

A few years ago in a lab in Panama, Klaus Winter tried to conjure the future. A plant physiologist at the Smithsonian Tropical Research Institute, he planted seedlings of 10 tropical tree species in small, geodesic greenhouses.

September 8, 2015 Indian coal-fired power plants ordered to adopt solar

Power Engineering - â??The lower price ensures the competitiveness of this power in the wholesale market, thus easing the search for alternative buyers," said Bharat Bhushan Agrawal, a solar analyst for Bloomberg...

September 8, 2015 How A Carbon Tax Can Win Bipartisan Support

Source: Triple Pundit

The advocacy group Carbon Washington is attempting to add a carbon tax to the 2016 Washington state ballot. The initiative would tax fossil fuels at $25 per metric ton of carbon dioxide. That’s 25 cents per gallon of gas (3.78...

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