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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 21, 2019 Even Cuomo isn't sure of New York's near-impossible climate goals

Source: SF Gate

New York Gov. Andrew Cuomo last month signed the most aggressive climate law in the nation. But even he's not sure it'll work out as planned, and Cuomo's not alone.

August 21, 2019 Dow makes 'Change the World' list

Source: Midland Daily News

Dow has been included on Fortune’s 2019 "Change the World" list, a ranking of 52 companies that have made an important social or environmental impact through their profit-making strategy and operations.

August 21, 2019 Amazon fires: Brazilian rainforest burning at record rate, space agency warns

Source: BBC

Brazil's Amazon rainforest has seen a record number of fires this year, according to new data from the country's space research agency. The National Institute for Space Research (Inpe) said its satellite data showed an 83%...

August 20, 2019 At the bottom of a glacier in Greenland, climate scientists find troubling signs

Source: CNN

Greenland lost 12.5 billion tons of ice to melting on August 2, the largest single-day loss in recorded history and another stark reminder of the climate crisis.

August 19, 2019 There have been three times more wildfires in the EU so far this year

Source: EuroNews

More than 1,600 wildfires have been recorded in the European Union so far this year — more than three times the average over the past decade.

August 19, 2019 How Portugal Became the Epicenter of Sustainability for the Wine Industry

Source: Fortune

While climate change is affecting every industry across the globe, the agricultural sector—wine in particular—is reeling from it. Wine growers constantly face new adversaries in the vineyard—such as hailstorms, heat waves, and...

August 19, 2019 There is ‘no denying’ we are causing climate change

Source: Sustainability Times

Two new studies published in Nature and Nature Geoscience suggest that we are witnessing unprecedented climate change at a global scale incomparable to anything from the past 2,000 years. And this time the science is as certain...

August 15, 2019 Microplastics ‘significantly contaminating the air’, scientists warn

Source: The Guardian

Abundant levels of microplastic pollution have been found in snow from the Arctic to the Alps, according to a study that has prompted scientists to warn of significant contamination of the atmosphere and demand urgent research...

August 14, 2019 UK university bans beef to combat 'climate emergency'

Source: Reuters

LONDON - A London college said on Monday it has banned beef from its campus to combat climate change, becoming the first higher education institution in Britain to do so.

August 14, 2019 Scientists are rattled after this stunning sign of climate breakdown near the North Pole: ‘This is crazy’

Source: Alternet

Multiple lightning strikes were recorded by the NWS office in Fairbanks, Alaska between 4:00 and 6:00pm on Saturday, within 300 miles of the pole.

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