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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 21, 2016 How attitudes about global warming compare to the actual warming of the globe

Source: Washington Post

The bars in red on the graph below are the 20 hottest years on human record. There were hotter years, like when the Earth was still mostly molten rock. But since mankind has had the capability to actually measure temperatures...

January 21, 2016 The fight for clean water for everyone is also my fight

The Huffington Post - That is why we are present when water is on the agenda in both national and international forums. This also applies to the World Water Forum Summit. Recently, we have recently joined the 2030 Water Resource...

January 21, 2016 It’s official: 2015 ‘smashed’ 2014’s global temperature record. It wasn’t even close

Source: Washington Post

Last year shattered 2014’s record to become the hottest year since reliable record-keeping began, two U.S. government science agencies announced Wednesday in yet another sign that the planet is heating up.

January 21, 2016 Snow Soaks Up Toxic Pollutants In The Air, Study Shows

Source: Huff Post

A team of scientists recently revealed that snow in urban areas can absorb the same toxic and carcinogenic pollutants that come from car exhaust. The interaction of pollutants with cold elements and freezing temperatures in snow...

January 20, 2016 Environmentalists warn of disaster for Everglades if oil fracking bill passes

Source: The Guardian

Florida politicians are debating a proposed law that would remove right of cities and counties to ban fracking and instead give power to a single state agency

January 19, 2016 Global warming strikes deep into oceans – study

Source: New Vision

The oceans have soaked up as much heat from global warming over the last two decades as during the preceding 130 years, according to a study published Monday.While this accelerated absorption has helped keep human habitats...

January 19, 2016 2015 a 'tipping point' for climate change: experts

Source: Phys.org

Phys - Record clean energy investment In the business arena, the balance of investment is shifting away from fossil fuels and towards renewables, Bloomberg New Energy Finance reported recently. Despite tumbling oil and gas...

January 19, 2016 We Need to Think as World Citizens for the Paris Agreement to Succeed in Combating Climate Change

Source: Huff Post UK

In December 2015 the outstanding results of the COP21 Climate Summit agreement to keep global warming under the 1.5C threshold were announced by the teary-eyed French foreign minister Laurent Fabius, who was applauded with...

January 19, 2016 GE Unveils White Paper At WFES 2016 With Strategies For Improved Energy And Water Resource Management

Abu Dhabi City Guide - According to the Food and Agriculture Organization of the United Nations, renewable water availability in MENA is under 2,000 m3 per capita per year, only a fraction of the world average of 7,240 m3 per...

January 18, 2016 Wettest ever December broke UK river records, hydrologists confirm

Source: The Guardian

Last month broke a host of UK records for rainfall, rivers and groundwater, in addition to it having already been confirmed as the wettest and warmest December on record.

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