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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 3, 2020 41 States Have Reduced Their Carbon Emissions While Growing Their Economies

Source: Good News Network

Reducing carbon emissions while increasing gross domestic product is not only possible, but is already happening in almost every state in America, according to a new report.

August 3, 2020 Why low-end ‘climate sensitivity’ can now be ruled out

Source: World Economic Forum

After four years of labour and detailed discussions by an international team of scientists, we are able to quantify better than ever before how the world’s surface temperature responds to increasing CO2 levels.

July 30, 2020 How to mix old tires and building rubble to make sustainable roads

Source: Phys

Researchers have shown how a blend of old tires and building rubble could be used as a sustainable road-making material, in a zero-waste solution to boost recycling and support the circular economy.

July 28, 2020 BMW plans to make sustainability a "central" focus

Source: Axios

he BMW Group said Monday that it will make sustainability "central to the company’s strategic direction" as it rolled out new climate goals and revealed fresh details about its electric lineup.

July 27, 2020 Historic carbon dioxide decline could hold clues for future climate

Source: Phys

A new study led by researchers at The Australian National University (ANU) provides a clearer snapshot of conditions during the last ice age—when global ice sheets were at their peak—and could even lead to better models for...

July 27, 2020 'We don't want to go through this again': Nature protection critical to preventing pandemics, study finds

Source: Business Green

Funding efforts to combat deforestation, risky wildlife trade and nature protection today could save governments hundreds of billions of dollars in the long run by preventing major environmental and public health risks,...

July 27, 2020 Study: Amount of plastic spewed into ocean on track to triple by 2040

Source: Business Green

However, industry and government can stem the tide ocean plastic by 80 per cent in the same time frame if they act now, according to scientists

July 22, 2020 Microsoft unveils new sustainability steps in effort to remove all carbon produced in company history

Source: Geekwire

Microsoft unveiled a new suite of sustainability initiatives Tuesday as part of its effort to zero-out the carbon debt the company has accrued over its lifespan.

July 22, 2020 Morgan Stanley Becomes First U.S. Bank To Measure Carbon Footprint Of Its Loans

Source: OilPrice

The bank will do this as a member of the Partnership for Carbon Accounting Financials—an organization set up last year to pursue the standardization of so-called carbon accounting in the banking and financial services sector in a...

July 20, 2020 Keeping our cool: Report urges action as heat drives demand

Source: Sustainability Times

Earth is feeling the heat, and as temperatures rise so does the demand for cooling. Yet unless we get the related energy emissions and the use of hydrofluorocarbons (HFCs) under control, all that cooling will just continue a...

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