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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:



Latest on Global Warming and Climate Change

September 20, 2016 Sell last gasoline car by 2035 to meet climate goals, study says

Source: Reuters

The last gasoline-powered car will have to be sold by about 2035 to put the world on track to limit global warming to the most stringent goal set by world leaders last year, a study said on Thursday.

September 20, 2016 Death By A Thousand Cuts: documentary charts the dangers of deforestation

Source: The Guardian

Film explores how the contrasting fate of forests in Haiti and the Dominican Republic has exacerbated conflict, xenophobia, poverty and even murder

September 19, 2016 Many car brands emit more pollution than Volkswagen, report finds

Source: The Guardian

A year on from the “Dieselgate” scandal that engulfed Volkswagen, damning new research reveals that all major diesel car brands, including Fiat, Vauxhall and Suzuki, are selling models that emit far higher levels of pollution...

September 19, 2016 More are willing to pay to fight climate change, survey says

Source: USA Today

A new survey offers some insight regarding the extent to which Americans consider climate change a legitimate threat and how much they’re willing to pay for government policies that would respond to the phenomena.

September 16, 2016 Arctic sea ice just tied for the second-lowest level ever recorded

Source: Washington Post

Earlier this year, it appeared that we might be on pace for a startling new record in the Arctic. Back in May, the area of the Arctic Ocean covered by floating sea ice was even smaller than it was at the same time in 2012, the...

September 16, 2016 Was that climate change? Scientists are getting faster at linking extreme weather to warming

Source: The Guardian

When extreme weather events do strike, questions about human influences are coming up more and more. Some scientists want to be able to respond quickly with more relevant answers, before the news cycle turns elsewhere.

September 16, 2016 Britain to miss its 2020 renewable energy targets – lawmakers

Source: Reuters

Britain is set to miss its 2020 European renewable energy targets, a parliamentary committee report said on Friday, setting a poor example for less wealthy countries as the world tries to rein in global warming.

September 15, 2016 Horyou Announces SIGEF 2016, a Leading Side Event of the UN Climate Change Conference (COP22)

The Social Innovation and Global Ethics Forum will take place at Palais des Congrès Marrakesh, in Morocco, from 9 to 11 November, 2016

September 14, 2016 Climate change 'significant and direct' threat to U.S. military: reports

Source: Reuters

The effects of climate change endanger U.S. military operations and could increase the danger of international conflict, according to three new documents endorsed by retired top U.S. military officers and former national security...

September 13, 2016 Last month was hottest August on record, NASA says

Source: FoxNews

Last month was the warmest August on record globally, NASA’s Goddard Institute for Space Studies announced on Monday.

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