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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

July 17, 2019 How To Make Your Space Kinder To The Planet, According To An Environmental Planner

Source: Junkee

Most of us follow a simple, two-step process when it comes to dealing with pressing climate issues: one, bury our head in the sand, and, two, get up, dust ourselves off and frantically buy reusable beeswax wrap until our bank...

July 16, 2019 Giant Shipper Bets Big On Ending Its Carbon Emissions. Will It Pay Off?

Source: NPR

Maersk — the world's largest container shipping company — has an astonishing goal. By 2050, the company vows to send goods — everything from electronics to soybeans to sneakers — around the world with zero carbon emissions.

July 16, 2019 'Breaking' the heat index: US heat waves to skyrocket as globe warms, study suggests

Source: USA Today

As the globe warms in the years ahead, days with extreme heat are forecast to skyrocket across hundreds of U.S. cities, a new study suggests, perhaps even breaking the "heat index."

July 15, 2019 Douglas MacKinnon: NYC is a warning -- the blackout is coming

Source: Fox News

When a massive blackout does hit – and it will – in literally one second, you can lose access to your money, food, gasoline, communication, medicine, medical attention, heat, air conditioning, and…security

July 15, 2019 Why The Economic Game Still Outplays The Environment

Source: Clean Technica

“The international community has set a course in Paris. Now remains the most difficult task: to draw the road to achieve this goal and define the vehicles to reach them in the shortest time.”

July 12, 2019 Sane environmental laws boost the economy, too

Source: NY Post

This week President Trump paused in his — justified — victory lap on jobs to attack the ­environmental legacy that in part helped power the nation’s prosperity. He assailed “the past administration’s misguided regulations to...

July 10, 2019 Plastic Has A Big Carbon Footprint — But That Isn't The Whole Story

Source: NPR

Plastic waste gets a lot of attention when photos of dead whales with stomachs full of plastic bags hit the news. Pieces of plastic also litter cities, and tiny plastic particles are even floating in the air.

July 9, 2019 Sanders, Ocasio-Cortez to introduce measure to declare climate change an official emergency: report

Source: The Hill

Sen. Bernie Sanders (I-Vt.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) are set to introduce on Tuesday a joint resolution with Rep. Earl Blumenauer (D-Ore.) declaring climate change an official emergency, The Guardian reported...

July 9, 2019 Instability in Antarctic ice projected to make sea level rise rapidly

Source: phys.org

a study says that instability hidden within Antarctic ice is likely to accelerate its flow into the ocean and push sea level up at a more rapid pace than previously expected.

July 8, 2019 One climate crisis disaster happening every week, UN warns

Source: The Guardian

Climate crisis disasters are happening at the rate of one a week, though most draw little international attention and work is urgently needed to prepare developing countries for the profound impacts, the UN has warned.

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