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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

March 17, 2015 How Climate Change In The Arctic Will Affect Your Summer

Source: Tech Times

Global warming and other forms of climate change are driving unusual weather patterns around the globe. These conditions may be driven, at least in part, by changes in the jet stream, high-altitude winds that carry many weather...

March 17, 2015 Harvard's president speaks at China's prestigious Tsinghua University about climate change

Source: US News

BEIJING — The Harvard president told students at one of China's most prestigious universities Tuesday that academic institutions must be unfettered places where every topic can be raised and every question asked to help tackle...

March 17, 2015 China's CO2 Emissions Dropped In 2014 As Country's Push For Cleaner Energy Supplies Takes Hold

International Business Times - Total carbon emissions in the nation of 1.4 billion people dropped by 2 percent in 2014 compared with 2013 -- the first decline since 2001, according to a Bloomberg îNew Energy Financeî...

March 17, 2015 Why global emissions stalled last year [Recharge]

The Christian Science Monitor - Unger and Jared Gilmour. Do Indiaâs Renewable Energy Targets Make Sense' [îCouncil on Foreign Relationsî] â[I]t looks like the Modi government may be using aspirational...

March 17, 2015 The melting of Antarctica was already really bad. It just got worse.

Source: Washington Post

A hundred years from now, humans may remember 2014 as the year that we first learned that we may have irreversibly destabilized the great ice sheet of West Antarctica, and thus set in motion more than 10 feet of sea level rise.

March 17, 2015 Switzerland becomes first country to submit Paris climate pledge

Renew Economy - Switzerland announced its post-2020 climate action plan yesterday, making it the first country to officially submit its contribution to the international climate agreement to be finalized in Paris at the end of...

March 16, 2015 NASA official says California has one year of water left

Source: ABC 7

An official with NASA has some dire news for California -- we have just one year of water left. Jay Famiglietti, a senior water scientist at the NASA Jet Propulsion Laboratory in California, says data shows water storage in the...

March 16, 2015 Oil price fall may aid long-term Arctic exploitation-Norway

Source: Reuters

OSLO – A fall in oil prices may help long-term exploitation of fossil fuels in the Arctic by averting a short-lived “gold rush” into the vulnerable icy region, Norway’s Foreign Minister Boerge Brende said on Thursday.

March 16, 2015 Climate change could damage quality and raise cost of produce, study finds

Source: The Guardian

Future generations may have to make do with more expensive and poorer quality produce, including meat and dairy, because of the impact of climate change, according to new research.

March 16, 2015 The True Link Between Carbon-Based Fuels and Quality of Life

Source: Forbes

Simply put, access to modern energy is what separates the rich from the poor. That’s why companies that produce energy are really the ones “standing on moral ground” over those with business models dependent on attacking them.

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