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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

May 12, 2020 Clothing subscription boxes and sustainability: What to know

Source: NBC NEWS

Subscribing to a clothing rental service? On top of convenience (or necessity), renting some of your clothes can help the planet. Here's how

May 12, 2020 Climate change: Study pours cold water on oil company net zero claims

Source: BBC

Claims by oil and gas companies that they are curbing their carbon emissions in line with net zero targets are overstated, according to a new review.

May 12, 2020 Scientists Have Developed a Membrane That Separates CO2 From Other Gases

Source: Science Alert

Scientists have developed a new type of self-assembling silver membrane that could be used to capture carbon dioxide (CO2) emissions before they have a chance to spread in the atmosphere

May 11, 2020 Are Flowers Sustainable?

Source: Green Matters

... though plants can do wonderful things, here’s what people start to wonder come every Mother’s Day, anniversary, and Valentine’s Day: Are flowers sustainable?

May 11, 2020 Can today’s hottest sustainable building method actually slow climate change?

Source: Grist

The plant — one of the largest of its kind in North America — produces today’s hottest sustainable building material, called cross-laminated timber, or CLT.

May 8, 2020 NISSAN SHOWS ITS COMMITMENT TO SUSTAINABLE LAST-MILE DELIVERY

Source: Post & Parcel

Voltia, the European specialist in electrified urban delivery, and global automaker Nissan have together launched the specialised e-NV200 XL Voltia electric van throughout Europe.

May 8, 2020 Goldman Sachs official says companies switching to Zoom instead of business travel could hit oil demand by up to 3 million barrels per day

Source: Market Watch

The coronavirus pandemic will take a lasting chunk out of business travel and hit demand for oil as companies adapt to Zoom ZM, +5.48% and other video-conferencing tools, a Goldman Sachs GS, +3.05% official said Thursday.

May 7, 2020 What a sustainable circular economy would look like

Source: The Conversation

More than 100 billion tonnes of materials entered the global economy in 2017 to generate power, build infrastructure and homes, produce food, and provide consumer goods such as clothes and phones. There are now more phones than...

May 6, 2020 One billion people will live in insufferable heat within 50 years – study

Source: The Guardian

The human cost of the climate crisis will hit harder, wider and sooner than previously believed, according to a study that shows a billion people will either be displaced or forced to endure insufferable heat for every additional...

May 4, 2020 The world is on lockdown. So where are all the carbon emissions coming from?

Source: Grist.org

edestrians have taken over city streets, people have almost entirely stopped flying, skies are blue (even in Los Angeles!) for the first time in decades, and global CO2 emissions are on-track to drop by … about 5.5 percent.

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