Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
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
March 14, 2019 UN's 'dire' warning: Act now on Earth's environment as human health 'increasingly threatened'Source: USA Today
Already, about 25 percent of all premature deaths and diseases around the world – about 9 million in 2015 – are because of human-caused environmental damage and pollution, the report said. Each year, air pollution kills 7 million...
Source: LA Times
The Painted Lady explosion is a welcome exception to California’s current butterfly crisis. The number of butterflies in the state has been in decline for decades, reaching historic lows in 2018, according to research conducted...
The study, from European Heart Journal, estimates 8.79 million “excess deaths” from ambient air pollution in 2015. A new global exposure mortality model used in the study caused estimates to skyrocket up from 4.55 million. (WHO...
March 13, 2019 Most companies recognize climate risk, few actSource: Business Insurance
“It is now the time to set up clear strategies to tackle companies’ exposure to climate risks and seize new economic opportunities,” Simon Messenger, London-based managing director with the Climate Disclosure...
Source: Green Car Reports
An EPA report released Wednesday shows that cars are getting better gas mileage in response to rising fuel economy standards. Yet a roaring economy and low gas prices have put Americans on a truck-buying spree, and the EPA is...
BEIJING - China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment minister, Li Ganjie, said on Monday, as the world’s second-largest economy...
Source: SF Weekly
In their current form, the proposals aim to figure out the exact steps needed to accelerate emission-reduction targets by 2030, the year the Intergovernmental Panel on Climate Change estimates is a point of no return for...
Warmer air is turning what should be snowfall in the Arctic to rainfall, which could accelerate sea level rise beyond current predictions. Researchers are warning that rainy weather is becoming increasingly common over parts of...
March 8, 2019 Economic slowdown and China’s green futureSource: globalriskinsights.com
Last year´s Intergovernmental Panel on Climate Change (IPCC) Special Report concluded that coal needs to exit the energy sector by 2050 if warming is to be limited to a 1.5°C increase by 2100. Beyond this, rising...
March 7, 2019 Natural disasters show planet is not fragileSource: The Daily Reflector
The people at the Intergovernmental Panel on Climate Change agree, saying that to avoid some of the most devastating impacts of climate change, the world must slash carbon emissions by 45 percent by 2030 and completely...
|HOME | ABOUT THE SITE | REGISTRATION INFORMATION | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|