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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

May 4, 2018 UCS Union of Concerned Scientists : EPA Falsely Deems Wood Burning for Electricity “Carbon Neutral”

Source: 4-Traders

Environmental Protection Agency (EPA) Administrator Scott Pruitt made yet another anti-scientific decision based on politics yesterday when he announced that the EPA will treat burning wood as carbon neutral when biomass is used...

May 4, 2018 EU proposes 25% ‘climate quota’ in new long-term budget

Source: EURACTIV

Colin Roche, Fossil Free Campaigner for Friends of the Earth Europe, an environmental NGO: "Two years after the Paris Climate Agreement the EU Commission is still leaving the way open to fund new fossil fuel infrastructure beyond...

May 3, 2018 What’s the Carbon Risk of Your Portfolio'

Source: WealthManagement.com

The firm will apply the score to about 30,000 funds globally that will be calculated via Sustainalytics, the provider of ESG and corporate governance ratings and research. Last year, Morningstar acquired a 40 percent stake in ...

May 3, 2018 CDC: Illnesses from mosquito, tick, flea bites triple in 13 years

Source: Upi.com

director of the Division of Vector-Borne Diseases in the CDC's National Center for Emerging and Zoonotic Infectious Diseases, said in press release. The CDC said the numbers have risen at least partially because ...

May 2, 2018 Sustainable investing themes of ‘climate’ and ‘carbon reduction’ gaining favour among fund investors

Source: South China Morning Post

Investors should channel money into growth sectors such as education, health and clean energy if they choose to withdraw from companies scoring poorly on environment, social and governance issues, according to experts in...

May 2, 2018 Big banks gear up to navigate low-carbon ‘transition risks’

Source: Impact Alpha

Big banks took another step toward full carbon accounting, backing new guidance to assess their ‘transition risks’ as the world moves to a low-carbon economy.

May 2, 2018 The world’s bleak climate situation, in 3 charts

Source: Vox

Every so often it’s helpful — and by helpful I also mean traumatic, so buyer beware — to pull the lens back and take a look at the big picture on climate change and what’s necessary to avert its worst consequences.

May 1, 2018 Australia Investing $377 Million To Protect Great Barrier Reef

Source: NPR

Australia's government is investing 500 million Australian dollars (more than $377 million U.S.) to protect the Great Barrier Reef, which has been struggling to cope with storm damage, coral-eating starfish and bleaching events...

April 30, 2018 Scheer says his climate plan will meet Paris targets without a carbon tax

Source: CTV News

OTTAWA -- Despite not yet having the details, Conservative Leader Andrew Scheer says he will be unveiling a climate plan ahead of the 2019 election that will meet the Paris targets without a carbon tax.

April 30, 2018 The Secret Weapon That Will Solve Global Warming

Source: Forbes

Many admit that it will take a broad effort, but nonetheless focus on their own preferred answer: energy efficiency, renewable energy, electric vehicles, nuclear power, carbon capture and sequestration or geoengineering.

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