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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

April 3, 2014 Climate change to force us to change

Source: The Virginian Pilot

Despite the constant foment from professional skeptics in America, global warming isn't in serious doubt among the vast majority of the world's scientists or policymakers. That's good. As a report from the International Panel on...

April 3, 2014 Exxon Mobil's response to climate change is consummate arrogance

theguardian.com - Because those organisations, groups like As You Sow, CERES, and the îInterfaithî îCenterî on îCorporateî îResponsibilityî, managed in very short order to get Exxon...

April 3, 2014 10 reasons why 76% of Americans ignore climate disasters

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C’mon, admit it, we humans really are causing our own climate suicide. But so what? We’ve got freedom of choice. And we love our cars. They need gas. And we’re a bundle of mental contradictions. Is climate a “big issue?” Gallup...

April 3, 2014 Why Arctic ice is disappearing more rapidly than expected

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In a new study, researchers have discovered unexpected climate-driven changes in the mighty Mackenzie River's ice breakup. This discovery may help resolve the complex puzzle underlying why Arctic ice is disappearing more rapidly...

April 3, 2014 Water crisis may lead India to war

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Asia is facing the brunt of climate change and will see severe stress on water resources and food-grain production in the future, increasing the risk of armed conflict among India, Pakistan, Bangladesh and China, the latest...

April 2, 2014 Costs of climate change steep but tough to tally

Worcester Telegram & Gazette - YOKOHAMA, Japan â The economic and financial impact of global warming is ... 0.2 percent and 2 percent of income if temperatures rise by 2 degrees from recent levels. Below are some of the...

April 2, 2014 How the U.S. Corn Belt Is Helping Us Understand Climate Change

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Science has long known that corn, out of all types of vegetation, is particularly adept at removing carbon emissions from the air. Now, using sophisticated satellite data, NASA reports it's got a new bead on just how much the...

April 2, 2014 Frame climate change as a food issue, experts say

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Reframing climate change as a food issue as the world's leading scientists did this week could provide an opportunity to mobilise people, experts say. Academics and campaigners were already looking at food as a way to better...

April 2, 2014 Exxon: Climate policies 'highly unlikely' to halt fossil fuel sales

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April 2, 2014 Ag commissioner: Water shortage a major issue for Texas

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Texas Agriculture Commissioner Todd Staples had an April Fools’ Day message for Lubbock residents Tuesday: “The water shortage that is facing our state is no joke.” His comments Tuesday, April 1, at Texas Tech’s McKenzie-Merket...

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