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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

January 7, 2019 How Israel swims against tide of worldwide water crisis

Source: Israel 21

A visit to the country’s largest desalination and wastewater-treatment plants reveals smart technologies and policies to keep the water running.

January 4, 2019 Electric Vehicle Sales Up 130% In 2018, 210% In Q4 2018 — US Electric Car Sales Report

Source: Clean Technica

The big electric vehicles sales stories these days are generally about the Tesla Model 3 walloping the competition. Nonetheless, we like to go back to our roots and explore overall electric vehicle growth at least once a quarter....

January 4, 2019 Party balloons are the environmental-hazard follow-up to plastic straws

Source: Quartz

Like plastic bags and disposable straws, party balloons may be the next pollutant to rile environmentalists. Several reports demonstrate how animals can mistake pieces of colorful latex in the environment for food.

January 4, 2019 From voluntary commitments to ocean sustainability

Source: Science Magazine

Voluntary commitments by states, governmental or nongovernmental organizations, and other actors, aiming to deliver outcome-oriented activities, have become a well-recognized mechanism in international sustainability policy (

January 4, 2019 The Simplest Explanation Of Global Warming Ever

Source: Forbes

There are really only two things that determine the Earth's temperature, or the temperature of any object that's heated by an external source. The first is the energy that goes into it, which is primarily energy produced by the...

January 4, 2019 China's war on particulate air pollution is causing more severe ozone pollution

Source: Science Daily

Results from this study suggest that extra efforts are needed to reduce NOx and VOC emissions in order to stem the tide of ozone pollution," said Professor Hong Liao at NUIST who is the co-corresponding author of this work.

January 3, 2019 Experts warn gas-powered cars are going the way of flip phones

Source: ThinkProgress

The EV revolution has been enabled by a rapid drop in the price of lithium-ion batteries — a stunning 85 percent drop since 2010 alone, as Bloomberg New Energy Finance (BNEF) reported last month.

January 3, 2019 Here's Why More People Are Going Vegan For Climate Change

Source: BuzzFeed

Lisa Chalk from Animals Australia told BuzzFeed News that the United Nation's Intergovernmental Panel on Climate Change (IPCC) report released in October last year piqued interest in making individual changes in diet. The IPCC...

January 3, 2019 5 resolutions you should make for the planet in 2019

Source: The Hill

The views expressed by contributors are their own and not the view of The Hill Earlier this year, the Intergovernmental Panel on Climate Change issued an urgent wake-up call: We need ambitious ...

January 2, 2019 10 stories on the environment and the economy that made us think this year

Source: Fast Company

Our colleagues publish thousands of great stories every year, but these 10 are some that our staff kept coming back to in 2018. If you have some extra time over the holidays, we recommend you check them out.

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