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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

December 13, 2018 Waste of Energy

Source: Grist

Drive down Interstate 95 through Baltimore and you can’t miss the Wheelabrator trash incinerator, its smokestack emblazoned with the city’s name. The Charm City’s single largest source of industrial air pollution churns out well...

December 13, 2018 More Floods and More Droughts: Climate Change Delivers Both

Source: NY Times

More records for both wet and dry weather are being set around the globe, often with disastrous consequences for the people facing such extremes, according to a study published Wednesday that offered new evidence of climate...

December 13, 2018 Heavy Snowfall on California Mountains Good Sign for Water Supply

Source: KTLA

The snowpack measured 106% of average, according to the state’s snow survey taken late last week. That’s more than double the 47% of average measured on the same day last year.

December 12, 2018 Warming and melting Arctic has 'cascading effects' around the globe, 2018 Arctic Report Card says

Source: Accweather

The environmental changes in the Arctic underscore why NOAA continues to invest in Arctic research and activities, which improve the nation’s economic competitiveness, national security, and the sustainable management of natural...

December 12, 2018 Are Artificial Christmas Trees Better for the Environment Than Real Ones? It Depends

Source: Discover Magazine

Environmentally conscious consumers often ask me whether a real Christmas tree or an artificial one is the more sustainable choice. As a horticulture and forestry researcher, I know this question is also a concern for the...

December 12, 2018 Trump EPA Proposes Major Rollback Of Federal Water Protections

Source: NPR

Vast amounts of wetlands and thousands of miles of U.S. waterways would no longer be federally protected by the Clean Water Act under a new proposal by the Trump administration.

December 11, 2018 Human activity could cause Earth's climate to revert to an ice-free state not seen in 50 million years, study warns

Source: Daily Mail

If humankind doesn’t get greenhouse gas emissions under control, we risk pushing Earth’s climate to a state similar to that seen 50 million years ago.

December 10, 2018 Why We Don't Need a Moonshot to Solve Climate Change

The prospect of solving climate change often prompts grand metaphors of moonshots and the Manhattan Project, with top scientists dedicating time and energy to come up with a breakthrough that will solve global warming.

December 10, 2018 Act now to prevent an environmental catastrophe

Source: The Guardian

Complacency and inaction in Britain, the US, Australia, Brazil, across Africa and Asia – all illustrate diverse manifestations of political paralysis, abdicating humankind’s grave responsibility for planetary stewardship.

December 7, 2018 Climate Clock: How Long Until Earth Warms to 1.5 Degrees Celsius'

Source: Inverse

The Intergovernmental Panel on Climate Change (IPCC) Special Report on Global Warming of 1.5? has opened a window to limit global warming to 1.5 degrees Celsius above pre-industrial levels, but carbon dioxide emissions are...

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