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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

July 10, 2014 Climate Change Means We Need To Rethink 'Normal' Weather More Frequently, UN Reports

Source: Huff Post

The baseline for "normal" weather used by everyone from farmers to governments to plan ahead needs to be updated more frequently to account for the big shifts caused by global warming, the U.N.'s World Meteorological...

July 10, 2014 Sustainable energy becoming cost effective option, says report

Blue & Green Tomorrow - It states, âAccording to the îIntergovernmental Panel on Climate Changeî report, costs for solar PV systems fell by 57% between 2009 and 2014. âCosts for other technologies also...

July 10, 2014 Fix the Climate Problem? Easy. Cut U.S. Emissions to 1901 Levels

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A draft report prepared for the United Nations suggests, out loud, what the U.S. needs to do about climate change: Cut emissions to one-tenth of current levels, per person, in less than 40 years. It’s perilous to say these things...

July 10, 2014 Aircraft industry huge player in CO2 emissions

cowichanvalleycitizen.com - Most of the following is taken from carbonindepenant.org or the îIntergovernmental Panel on Climate Changeî (IPCC): "Aviation has effects on climate beyond that resulting from its CO2...

July 10, 2014 On the News With Thom Hartmann: Renewable Energy Is Spurring Billions of Dollars in Economic Development, and More

Truth Out - According to Bloomberg îNew Energy Financeî, "the world is already adding more renewable-energy capacity each year than fossil fuel capacity." And, a new report from the Sierra Club says that investing...

July 10, 2014 NYC Summers Will Be Hotter Than Florida By 2100 But We'll Be Dead So Whatever Right?

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A new report released by research and news organization Climate Central predicts that by the year 2100 our usual 82 degree average summer weather will reach an average of around 91 degrees—the equivalent to an average July day...

July 9, 2014 Lake Mead, Nation’s Largest Reservoir, To Reach Record Low This Week

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The last time Lake Mead, the largest reservoir in the United States, reached maximum capacity was 1983. This week the lake, located along the Colorado River near Las Vegas, Nevada, is expected to reach a new milestone — its...

July 9, 2014 World Water Day 2014: Water and Energy

Press Release Point - Water and energy are fundamentally interlinked. With most forms of energy production heavily reliant on water â particularly hydroelectric, nuclear, and thermal energy â and about eight percent...

July 9, 2014 Climate change is a fact, not a theory

Daily Gazette - First, over 97 percent of scientists agree that climate change is happening âunequivocally,â as noted in the îIntergovernmental Panel on Climate Changeî (IPCC) Report. All scientific...

July 9, 2014 International report charts path to deep carbon cuts

Source: Eco-Business

Governments around the world are failing in their commitments to address climate change, a group of international science institutions warn in a new report, saying the window to prevent catastrophic warming will soon close. “The...

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