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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

January 5, 2018 Coral reefs head for 'knock-out punch

Source: BBC

A study of 100 reefs, published in Science Magazine, shows the interval between bleaching events in recent decades has shortened dramatically.

January 3, 2018 ‘Bomb cyclone’ to blast East Coast before polar vortex uncorks tremendous cold late this week

Source: Washington Post

Unforgiving cold has punished the eastern third of the United States for the past 10 days. But the most severe winter weather yet will assault the area late this week.

December 29, 2017 EARTH MIGHT GO THROUGH A MINI ICE AGE DURING THE NEXT DECADES (STUDY)

Source: The Monitor Daily

a team of researchers from Northumbria University discovered that a wave of coldness might soon hit our planet. This means it’s possible that Earth might pass through a mini ice age period, when main rivers could get frozen.

December 29, 2017 A Response For People Using Record Cold U.S. Weather To Refute Climate Change

Source: Forbes

Negative wind chills, feet of lake effect snow in the Great Lakes region, and possibly the coldest New Year's Eve ball drop in almost a half century are on tap.

December 29, 2017 New York City may have coldest New Year's Eve since 1960s -video

Source: ABC News

Bitter cold temperatures are sweeping through the Midwest and Northeast as New York City braces for its coldest New Year's Eve since the 1960s.

December 28, 2017 Disasters, drilling and the Paris climate withdrawal: The top environmental stories of 2017

Source: Chicago Tribune

President Donald Trump made his mark in the energy and environment world during his first year in Washington.

December 28, 2017 China says more than 18,000 officials failed or performed badly in protecting environment

Source: Reuters

BEIJING- More than 18,000 Chinese officials failed to take any action or performed badly in protecting the environment since 2016, according to a national crackdown that saw Beijing inspectors visit some of the world’s most...

December 28, 2017 People Can Handle the Truth About the Environment

Source: Bloomberg

Some scientists think that humans can’t handle the truth about the damage they are doing to the environment -- that findings must be sugar-coated lest people lose the hope needed to act.

December 27, 2017 Low-Level Pollution Exposures Increase Death Risk Among Elderly

Source: MedPage Today

Even short-term exposure to air pollution at levels that are below current air quality standards appeared to increase the risk for death among older people, according to a newly published study involving 22 million Medicare...

December 27, 2017 The wildfires in California just keep shattering records this year

Source: CNN

Damage estimates from the 2017 wildfires topped $10 billion, said Adam Smith of the National Oceanic and Atmospheric Administration. And that was before devastating wildfires tore through Southern California in December.

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