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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

August 7, 2015 The Climate Change ‘Tipping Point’: How Should Businesses React?

Source: Knowledge @ Wharton

A new study by James Hansen, perhaps the world’s foremost climate scientist, and 16 co-authors suggests that ice shelves and glaciers in Greenland and Antarctica may be melting 10 times faster than previous consensus estimates...

August 7, 2015 Labour(UK) has treated the environment as an afterthought – that needs to change

Source: The Guardian

Labour didn’t do enough to communicate our policies on the environment in the last Parliament. We failed to capitalise on commitments we had made to protect nature and decarbonise the UK economy. We needlessly gave the Green...

August 6, 2015 Climate refugees: the communities displaced by global warming – video

Source: The Guardian

With climate change set to force millions of people from their homes due to more frequent extreme weather events and rising sea levels, one academic has been travelling the world to see how the people facing relocation feel....

August 5, 2015 'We woke up in a desert' – the water crisis taking hold across Egypt

Source: The Guardian

UN says the country will face ‘absolute water scarcity’ by 2025, but for some villages the catastrophe has already arrived – as the Middle East faces severe heatwave. Mada Masr reports

August 5, 2015 Gulf of Mexico 'Dead Zone' larger than usual this year

Source: USA Today

The annual Gulf of Mexico "dead zone" — a region of oxygen-depleted water off the Louisiana and Texas coasts that is harmful to sea life — is larger than average this summer, federal scientists reported Tuesday.

August 5, 2015 Climate change could give San Francisco the climate of San Diego, scientists say

Source: Washington Post

Having the best climate is a bold boast, and the sign got climate scientist Ken Caldeira of Stanford University’s Carnegie Institute of Science thinking about how he might test the town’s claim to fame. His research, published...

August 5, 2015 Can't we just remove carbon dioxide from the air to fix climate change? Not yet

Source: Phys.org

The possible "carbon removal" techniques are very diverse. They include growing trees on land or algae in the sea and capturing and burying some of the carbon they have taken from the atmosphere.

August 4, 2015 Our environmental deficit is now beyond nature’s ability to regenerate

Source: The Guardian

The world enters ecological ‘overshoot’ this year on 13 August, six days earlier than last year. All the world’s production and consumption for the rest of the year, this suggests, then runs up an environmental deficit beyond...

August 4, 2015 Things Every American Should Know About the Clean Power Plan

Source: US EPA

President Obama will unveil the U.S. Environmental Protection Agency’s (EPA’s) Clean Power Plan—a historic step to cut the carbon pollution driving climate change. Here are six key things every American should know

August 4, 2015 UN Chief Welcomes Climate Change Plan Unveiled By President Obama

Silicon India - îUnited Nationsî: UN Secretary-General Ban Ki-moon has welcomed the Clean Power Plan formally unveiled today by President Barack Obama, saying it shows the determination of the United States to address...

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