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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 31, 2017 Swapping cars for bikes, not diesel for electric, is the best route to clean air

Source: The Guardian

he government’s air quality plan may make our air more breathable in the long run but it fails to tackle some of the biggest issues facing cities and towns in the UK, and more people on bikes are a huge part of the answer.

July 28, 2017 CLIMATE CHANGE-FUELED STORMS COULD LEAVE LESS WATER FOR DRINKING

Source: Wired

LAST SUMMER, SOUTHERN Florida nearly ran out of water. It wasn’t drought—actually, the opposite.

July 28, 2017 Rome, City of Ancient Aqueducts, Faces Water Rationing

Source: NY Times

ROME — Rome’s cold, clean water has flowed through ancient aqueducts, gurgled in baroque fountains and poured incessantly from thousands of the 19th-century spouts that still grace the city streets. For millenniums, water has...

July 27, 2017 Diesel and petrol car ban: Clean air strategy 'not enough'

Source: BBC

Moves including scrapping new diesel and petrol cars from 2040 and £255m for councils to tackle air pollution locally have been welcomed.

July 27, 2017 GE, Invenergy build wind farm in Oklahoma, biggest in the U.S.

Source: Reuters

Power development company Invenergy LLC and General Electric Co on Wednesday announced plans to build the largest wind farm in the United States in Oklahoma, part of a $4.5 billion project to provide electricity to 1.1 million...

July 27, 2017 Gas to be replaced as South Australia's main electricity source within decade, analysts say

Source: The Guardian

Renewables and battery storage will replace gas as South Australia’s main source of electricity within eight years, according to industry analysts.

July 26, 2017 Britain to ban sale of all diesel and petrol cars and vans from 2040

Source: The Guardian

Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health.

July 26, 2017 Using forests to manage carbon—a heated debate

Source: PHYS.org

The best way of managing trees and forests for climate change and accounting for contributions of forests and forestry activities in carbon budgets remains hotly contested. Read more at:...

July 26, 2017 Climate Change to Bring Rising Energy Costs

Source: Texas Monthly

Back in May, before the year was even half over, the Austin-American Statesman made the call that 2017 would be the hottest year on record for the state. According to records from the National Oceanic and Atmospheric...

July 25, 2017 Vatican turns off fountains as Rome gasps in drought

Source: Reuters

VATICAN CITY - Vatican authorities began on Monday to turn off some 100 fountains, including two Baroque masterpieces in St. Peter's Square, due to a prolonged drought affecting the tiny city state and the city of Rome which...

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