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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

December 16, 2016 Global Warming's Fingerprints Seen in 24 Weird Weather Cases

Source: ABC News

A new scientific report finds man-made climate change played some role in two dozen extreme weather events last year but not in a few other weird weather instances around the world.

December 15, 2016 Beijing issues red alert for severely high air pollution

Source: Reuters

Beijing's city government has issued a red alert for severely high levels of air pollution in the Chinese capital, running for five days from Friday evening, the environmental protection bureau said on its official Twitter-like...

December 15, 2016 Is Climate Change Shrinking Glaciers? Likelihood Is 99 Percent

Source: Live Science

And a new study found with 99 percent certainty that climate change is driving their retreat, or shrinkage, with the likelihood of any other factor causing such dramatic change estimated at 1 in 100,000, the researchers found.

December 15, 2016 Mysterious "crater" in Antarctica has ominous cause

Source: CBS News

A “crater” in Antarctica once thought to be the work of a meteorite impact is actually the result of ice melt, new research finds.

December 14, 2016 Global Warming? Ha! What About Global Cooling?

Source: Scientific America

You often hear the claim that all the climate scientists were worried about global cooling back in the 1970's. Now they're talking about global warming. They can't even make up their minds, so why should we listen to anything...

December 14, 2016 Atlantic wave biggest ever recorded by buoy

Source: BBC

The highest-ever wave detected by a buoy has been recorded in the North Atlantic ocean. The 19-metre (62.3ft) wave happened between Iceland and the United Kingdom, the World Meteorological Organization said.

December 13, 2016 The new Captain Planet? Bill Gates starts $1B fund on climate change

Source: USA Today

Billionaire philanthropist and technologist Bill Gates is set to announce Monday the formation of a new fund with more than $1 billion to invest in technologies aimed at counteracting climate change

December 12, 2016 'I'm very open-minded on environment,' Trump says

Source: Politico

President-elect Donald Trump told “Fox News Sunday” that he is “open-minded” on environmental issues, suggesting that he could greenlight controversial pipeline projects halted by the current administration and at the same time...

December 12, 2016 Wind power key to curbing greenhouse emissions, study finds

Source: The Guardian

Energy from windfarms in the UK prevented almost 36m tonnes of harmful carbon emissions in six years, equivalent to taking 2.3m cars off the road, the analysis found.

December 12, 2016 Rare dual polar ice minimum stuns scientists

Source: Reuters

Average Arctic sea ice extent for November set a record low, reflecting unusually high air temperatures, winds from the south, and a warm ocean. Since October, Arctic ice extent has been more than two standard deviations lower...

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