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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

February 13, 2015 Monster Hurricanes Once Plagued East Coast and May Return

Source: NBC News

While Europe was going through the Middle Ages, America's East Coast was being pummeled by hurricanes at least as intense as Katrina every 40 years or so, climate detectives say.

February 12, 2015 Brazilians hoard water, prepare for possible drastic rationing

Source: Reuters

Brazilians are hoarding water in their apartments, drilling homemade wells and taking other emergency measures to prepare for forced rationing that appears likely and could leave taps dry for up to five days a week because of a...

February 12, 2015 UN deal to combat global warming complicated as length of draft text balloons

Reuters - The last time nations tried to work out a deal to combat climate change, in Copenhagen in 2009, draft texts ended up unmanageably long at 200 pages, said Alden Meyer of the îUnion of Concerned Scientistsî....

February 12, 2015 Obama looks to raise $2 billion in climate change investments

Source: Reuters

The Obama administration on Tuesday set a goal of raising $2 billion in philanthropic investments to fight climate change, including technologies to slash carbon emissions.

February 12, 2015 Fossil fuel lobby goes on the attack against divestment movement

Source: The Guardian

“First they ignore you, then they laugh at you, then they fight you,” said Mahatma Gandhi. The climate change campaign to divest from fossil fuels seems to be moving through those stages at express speed, with a sudden barrage of...

February 12, 2015 The World Can Turn the Corner on Climate Change by 2020. Here's How

Source: Huff Post

When it comes to climate action, it's a good thing that smart people keep building scenarios for cleaning up global energy production. Those visions of the future are necessary -- but they tend to lack an essential ingredient.

February 11, 2015 What if Global Warming Continues' 6 Ways Climate Change Could Affect Weather Patterns

News Max - In warmer months, it takes the form of torrential rainstorms; in winter, blizzards are more likely," reports the îUnion of Concerned Scientistsî. 5. Drought conditions produced by continuing global warming...

February 11, 2015 Is Geoengineering a Bad Idea?

Source: The Guardian

In 2010, science writer Eli Kintisch called geoengineering “a bad idea whose time has come”. It is considered by many to be the ultimate admission of our failure to curb carbon emissions – a tech-fix that excuses continued carbon...

February 10, 2015 The monarch massacre: Nearly a billion butterflies have vanished

Source: Washington Post

Threatened animals like elephants, porpoises and lions grab all the headlines, but what’s happening to monarch butterflies is nothing short of a massacre. The U.S. Fish and Wildlife Service summed it up in just one grim statistic...

February 10, 2015 Significant threats to our atmosphere might be coming from the ocean floor

Source: Science Recorder

What if everything we think we know about climate change is based on incomplete data? Two new studies suggest that at least one natural source of atmospheric carbon dioxide has been heretofore overlooked. Scientists are now...

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