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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 16, 2018 Smoke, carbon monoxide from California wildfires drifting all the way to the East Coast

Source: USA Today

Smoke from the massive wildfires scorching the Golden State is drifting across the USA and has been reported as far east as New England, NASA said.

August 16, 2018 With half the planet saved for nature, will we have enough to eat?

Source: Anthropocene Magazine

The idea of devoting half of Earth’s terrestrial surface to rich, intact forms of nature has stirred conservationist imaginations in the last few years. It’s an inspiring vision, simple yet powerful, a bright aspiration amidst...

August 13, 2018 Cancer Patient Wins $289 Million In Lawsuit Over Roundup Weed Killer

Source: Yahoo Finance

After nearly three days of deliberation, a San Francisco jury ordered chemical giant Monsanto to pay $289 million to a school groundskeeper who says he got cancer from using the company’s popular Roundup weed killer. Dewayne...

August 13, 2018 Oil dips as emerging market woes dim demand outlook

Source: Reuters

LONDON- Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, but U.S. sanctions against Iran pointed toward tighter supply ahead.

August 13, 2018 More than 100 large wildfires in US as new blazes erupt

Source: CNBC

Six large new wildfires erupted in the United States, pushing the number of major active blazes nationwide to over 100, with more expected to break out sparked by lightning strikes on bone-dry terrain, authorities said on...

August 13, 2018 Searing heat could make countries in North Africa and along the Persian Gulf unlivable

Source: NBC

With blisteringly hot summers becoming a regular occurrence, climate change could soon push an environment that is uncomfortable into one that is unsustainable — particularly for countries along the Arab Gulf and in North Africa.

August 10, 2018 Flames inch close to California homes as thousands evacuate

Source: Fox News

LOS ANGELES – An intentionally set wildfire grew perilously close to homes in Southern California on Thursday as evacuation orders expanded to more than 20,000 residents, though some homeowners stayed behind to fend off the...

August 10, 2018 These Photos From Space Show the Scorching Effects of This Summer's Heat

Source: Fortune

German astronaut Alexander Gerst said he is “shocked” by photos he captured from space that show a parched Earth — the result of this summer’s drastic heat.

August 9, 2018 NY ratepayers will pay for $2.1B offshore wind plan, but won't get the energy

Source: Poughkeepsie Journal

New York state ratepayers will pick up the tab for the Cuomo Administration’s multi-billion dollar plan to jump-start the offshore wind industry, but most won’t benefit from the energy produced.

August 9, 2018 Scientists search for 'smoking gun' in the dead zone of Florida's red tide

Source: CNN

The infamous "red tide" has turned southwest Florida into a tragic dead zone with miles of deserted beaches and boatfuls of dread.

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