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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

November 2, 2017 Emissions gap remains 'alarmingly high' says UN

Source: BBC

In its annual review, the UN says the gap between carbon cutting plans and the reductions required to keep temperature rises below 2 degrees Celsius is "alarmingly high".

November 2, 2017 Better Land Use Can Achieve 30% of Carbon Cuts by 2030

Source: EcoWatch

As nations plan to reduce the greenhouse gas emissions from fossil fuel combustion, an international team of scientists has calculated just how much the natural and farmed world could contribute to future stability by absorbing...

November 1, 2017 What has fracking done to our air quality?

Source: Houston Chronicle

Federal regulations, notably the Clean Air Act passed by President Nixon, to reduce toxic air pollutants such as benzene, a hydrocarbon, and ozone, a strong oxidant, effectively lowered their abundance in ambient air with steady...

November 1, 2017 Future volcanic eruptions could cause more climate disruption

Source: Eurek Alert

BOULDER, Colo. -- Major volcanic eruptions in the future have the potential to affect global temperatures and precipitation more dramatically than in the past because of climate change, according to a new study led by the...

October 31, 2017 Climate change fueling disasters, disease in ‘potentially irreversible’ ways, report warns

Source: Washington Post

Climate change significantly imperils public health globally, according to a new report that chronicles the many hazards and symptoms already being seen. The authors describe its manifestations as “unequivocal and potentially...

October 31, 2017 2,100 cities exceed recommended pollution levels, fueling climate change

Source: CNN

Climate change is already affecting the health of populations around the world, but things are set to get worse if adequate changes aren't made, according to an international consortium of climate experts.

October 30, 2017 Nestlé, Hershey and Mars 'breaking promises over palm oil use'

Source: The Guardian

This year’s Halloween confectionery will contain palm oil grown on land that should lawfully be habitat to orangutans, rhinos and clouded leopards, despite commitment to clean up supply chains

October 30, 2017 Tropical forests are reducing carbon emissions from tropical deforestation by a third and SLOWING the rate of global warming, study finds

Source: GreenBiz

National parks and nature reserves in South America, Africa and Asia are reducing carbon emissions from tropical deforestation by a third, helping to slow the rate of global warming, a new study shows.

October 30, 2017 British industry faces an energy cost crisis - and it is set to grow

Source: Telegraph (UK)

Behind the political battles over household bills lurks a far greater energy cost crisis. It risks damaging British industry and undermining attempts to boost productivity after Brexit.

October 26, 2017 EPA to review how clean air, water laws affect energy sector jobs

Source: Reuters

WASHINGTON - The U.S. Environmental Protection Agency said on Wednesday it will review how bedrock laws like the Clean Air Act and Clean Water Act affect energy industry job losses, one of several measures U.S. agencies will take...

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