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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

April 20, 2018 Britain to review its climate targets – government minister

Source: Reuters

LONDON – Britain will review its climate targets to see whether they need to be strengthened to fit with the aims of an international climate accord, Britain’s energy minister said on Tuesday.

April 20, 2018 By 5:1 Ratio, Americans Think Global Warming is Happening, New Survey Finds

Source: Yale.edu

A new nationally representative survey finds that a large majority of Americans think global warming is happening, outnumbering those who don’t by 5 to 1. Americans are also growing more certain that global warming is happening....

April 19, 2018 Carbon Taxes Could Make Significant Dent in Climate Change, Study Finds

Source: The Energy Collective

Putting a price on carbon, in the form of a fee or tax on the use of fossil fuels, coupled with returning the generated revenue to the public in one form or another, can be an effective way to curb emissions of greenhouse gases....

April 19, 2018 Climate Change Is Killing Coral On The Great Barrier Reef

Source: NPR

The Great Barrier Reef off the coast of Australia has seen two massive bleaching events over the span of two years. And that's led to a widespread die-off of the corals, according to a new study.

April 18, 2018 Warming climate could speed forest regrowth in eastern U.S.

Source: Phys.org

Climate change could speed the natural regrowth of forests on undeveloped or abandoned land in the eastern U.S., according to a new study.

April 18, 2018 More than 95% of world's population breathing unhealthy air, says new report

Source: CNN

More than 95% of the world's population is breathing unhealthy air and the poorest nations are the hardest hit, a new report has found.

April 17, 2018 China's smog levels down but health damage already done, says study

Source: The Asian Age

Shanghai: While China has made progress cutting smog, the damage to the health of millions of people may already have been done, especially as the population ages, the head of a US-based research agency said.

April 13, 2018 Cities around the world should prepare for running out of water, experts say

Source: CNBC

It's called "Day Zero": when Cape Town, South Africa's bustling port city, sees its water taps run dry, and its population thrust into a perilous situation.

April 12, 2018 A North American Climate Boundary Has Shifted 140 Miles East Due to Global Warming

Source: Yale Environment 360

In the late 1800s, geologist and explorer John Wesley Powell first described a clear boundary running longitudinally through North America along the 100th meridian west that visibly separated the humid eastern part of the...

April 12, 2018 Gulf Stream current at its weakest in 1,600 years, studies show

Source: The Guardian

Warm current that has historically caused dramatic changes in climate is experiencing an unprecedented slowdown and may be less stable than thought - with potentially severe consequences

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