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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

August 11, 2014 Fracking campaigners criticise 'censored' report on house prices

Source: The Guardian

The government has been criticised for censoring a report into the impact of shale gas drilling that examines the effect on house prices and pressure on local services. Campaigners are calling for full publication of the study...

August 11, 2014 Keystone carbon pollution more than figured

Source: Capital Journal

The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes. The U.S. estimates didn’t take into account that the...

August 11, 2014 California Drought Transforms Global Food Market

Source: Bloomberg

For more than 70 years, Fred Starrh’s family was among the most prominent cotton growers in California’s San Joaquin Valley. Then shifting global markets and rising water prices told him that wouldn’t work anymore

August 8, 2014 Rise of “extremely hot” days: See how global warming’s going to make your summer hell

Source: Salon

Climate Central, which has previously highlighted the way that summers, on average, are getting hotter, is now focusing on those special days when the temperature rises way above what we’re used to — a rarity that, they...

August 8, 2014 Humans Responsible for Drastic Climatic Changes: Prof

NewsMaine - Tim Naish, Director of the Antarctic Research Centre and an author for îIntergovernmental Panel on Climate Changeî (IPCC), said it is very clear that climate around us is becoming warmer day by day and we...

August 8, 2014 We have until 2050 to cut emissions, says U.N. draft

Source: Tech Times

If humanity is to escape the worst effects of the global warming already being felt on every continent, we must by mid-century achieve deep reductions of greenhouse gas emissions of 40 to 70 percent, a United Nations report says.

August 7, 2014 African negotiators urge U.S. leadership for U.N. climate deal

Reuters - one negotiator told a small group of reporters convened by the îWorld Resources Instituteî (WRI), an environmental research group. "As an African, there are no clean emissions or dirty emissions. Whether...

August 7, 2014 Into The Storm: Rising Risks Of Big Tornado Outbreaks ‘Suggest A Climate Change Signal’

Source: Think Progress

A new study provides some of the first documented evidence that the risk of big, concentrated tornado outbreaks is on the rise. The lead author, Florida State tornado expert James Elsner, told me, “I think our results suggest a...

August 7, 2014 For most of us, global warming has become ‘normal’ climate

Source: Reuters

Global warming has been going on for so long that most people were not even born the last time the Earth was cooler than average in 1985 in a shift that is altering perceptions of a “normal” climate, scientists said. Decades of...

August 6, 2014 Africa: Will Climate Change Lead to Conflict or Cooperation?

Source: All Africa

The headline of every article about the relationship between climate change and conflict should be "It's complicated," according to Clionadh Raleigh. Director of the Armed Conflict Location and Event Data Project, Raleigh thinks...

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