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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

January 20, 2020 The Best News On Climate You’ve Never Heard

Source: Forbes

Under the Current Polices Scenario global per capita carbon dioxide emissions do not exceed the 2012 peak until the late 2030s. Under the Stated Policies Scenario, global per capita carbon dioxide emissions steadily decline to...

January 20, 2020 Microsoft CEO warns economy 'will fundamentally be in jeopardy' without sustainability plans

Source: The Hill

Days after releasing an updated plan to go “carbon negative” by 2025, Microsoft CEO Satya Nadella said it's the responsibility of large companies to help fight climate change.

January 17, 2020 Living Concrete Lays Foundation for 'New Discipline' in Sustainable Development

Source: EcoWatch

A team of researchers has created concrete that is alive and can reproduce and capture carbon, according to the The New York Times.

January 17, 2020 Lufthansa bolsters sustainability efforts for climate-neutral aviation future

Source: Arabian Aerospace.

As the UAE marks Abu Dhabi Sustainability Week, Lufthansa Group is stepping up its efforts aimed at making the future of aviation climate-neutra

January 16, 2020 Here's why real estate finance needs to build in sustainability

Source: World Economic Forum

The real estate sector has a serious impact on climate change. Buildings account for around one-third of global greenhouse gas emissions and consume 40% of the world's energy.

January 16, 2020 Last year was the second-hottest in recorded history, NASA says

Source: CNN

Earth endured its second-hottest year on record in 2019, NASA and NOAA scientists announced Wednesday, capping a decade they say was the warmest in recorded history.

January 15, 2020 'Green methane' from artificial photosynthesis could recycle CO2

Source: Phys.com

A new artificial photosynthesis approach uses sunlight to turn carbon dioxide into methane, which could help make natural-gas-powered devices carbon neutral.

January 14, 2020 BlackRock CEO says the climate crisis is about to trigger ‘a fundamental reshaping of finance’

Source: CNBC

The chief of the world’s largest money manager believes the intensifying climate crisis will bring about a fundamental reshaping of finance, with a significant reallocation of capital set to take place “sooner than most...

January 14, 2020 Cities Around the World That Could Soon be Underwater

Source: MSN

Sea level rise -- resulting in the flooding and eventual disappearance of land -- is one of the most well-known and serious problems facing humans as a result of climate change. Low-lying areas around the world are all at risk....

January 14, 2020 Ocean temperatures hit record high as rate of heating accelerates

Source: The Guardian

The heat in the world’s oceans reached a new record level in 2019, showing “irrefutable and accelerating” heating of the planet.

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