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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

October 22, 2019 Ocean acidification can cause mass extinctions, fossils reveal

Source: The Guardian

A key impact of today’s climate crisis is that seas are again getting more acidic, as they absorb carbon emissions from the burning of coal, oil and gas. Scientists said the latest research is a warning that humanity is risking...

October 22, 2019 Exxon accused of misleading investors on climate change

Source: BBC

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York.

October 21, 2019 Evaporation and rising population behind global water crisis: Expert

Source: Qatar Tribune on MSN.com

The expert was on a visit to Qatar Foundation’s Qatar Science & Technology Park (QSTP). Rachael McDonnell, strategic programme director, Water, Climate Change & Resilience at the International Water Management...

October 18, 2019 Ford announces launch of largest electric vehicle charging network in the US

Source: CNN

Ford doesn't currently offer any electric vehicles, but it announced Thursday that, once it does, it will offer the largest North American network of electric vehicle chargers of any automaker — including Tesla.

October 16, 2019 Oceans could have reached carbon threshold

Source: Physics World

Each of the five mass extinctions over the last 500 million years that saw at least 75% of species disappear was accompanied by a surge in carbon entering the ocean. But carbon pulses are relatively common and usually benign;...

October 15, 2019 War on plastic waste faces setback as cost of recycled material soars

Source: The Guardian

The battle to reduce Europe’s plastic waste could become a quarter of a billion dollars more expensive every year as the cost of recycled plastic soars.

October 15, 2019 UN Climate Action Summit: Five Things Governments Should be Doing

Source: Cfr.org

Rubenstein senior fellow for energy and the environment and director of the program on energy security and climate change and Benjamin Silliman, research associate for energy and U.S. foreign policy at the Council on Foreign...

October 11, 2019 Climate investing: Is it sustainable?

Source: Atlantic Council

Environmental, social, and governance (ESG) has been designated the most significant investment trend of a generation. With just over $30 trillion dollars invested in sustainable assets across five major markets, “ESG,”...

October 11, 2019 'Crippling blizzard' blasts northern Plains; Denver weather is wild

Source: USA Today

Parts of the nation that were mowing lawns this week broke out snow shovels Thursday as a sprawling storm sweeping across the West threatened to develop into an "all-out blizzard" over the Dakotas, where a blizzard warning has...

October 10, 2019 Sustainability: a call to action

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While divisions remain as to the root causes and ultimate impacts of global climate change, what matters is this: when confronted with this threat, what kind of urgency and weight must be paid right now – by governments, by...

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