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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

December 28, 2018 Melting Arctic Ice Adds 14,000 Tons of Water Per Second to Rising Sea Levels, Study Says

Source: Yahoo Finance

Melting Arctic ice from glaciers and surface ice is producing the equivalent of 14,000 tons per second of water into the Earth’s oceans, a recent scientific survey found. Examining land-ice ...

December 26, 2018 'Climate grief': The growing emotional toll of climate change

Source: NBC News

When the U.N. released its latest climate report in October, it warned that without “unprecedented” action, catastrophic conditions could arrive by 2040.

December 21, 2018 Greener days ahead for carbon fuels?

Source: Science Daily

A discovery shows that recycling carbon dioxide into valuable chemicals and fuels can be economical and efficient -- all through a single copper catalyst.

December 20, 2018 What would Jesus do? Talking with evangelicals about climate change

Source: The Guardian

In our new column about the American south and climate change, we go towards Christians who have been resistant to ideas of environmental stewardship - perhaps it’s a message they need to hear in their own terms

December 20, 2018 Israeli Company May Have Solution to World’s Water Shortage

Source: Breaking Israel News

Water shortage is emerging as a global crisis, with some countries scrambling to find solutions. Israel’s Watergen has developed a technology to collect water from the air. Will this be enough to solve the problem

December 19, 2018 The full story on climate change requires the long view

Source: Science Daily

Researchers offer a new calculation that provides the long view of what nine different world regions have contributed to climate change since 1900. They also show how that breakdown will likely look by 2100 under various emission...

December 19, 2018 Environmental impact assessments aren’t protecting the environment

Source: Eco-business

All around the world we see a growing catalog of cases where EIAs are giving green lights to developments that should never see the light of day — projects that are destroying irreplaceable habitat or threatening the last...

December 17, 2018 UN climate change deal leaves door open for US to rejoi

Source: USA Today

Details emerging from a United Nations climate conference in Poland drew rave reviews Sunday from U.S. experts despite the Trump administration's controversial vow to exit the Paris Climate Accord.

December 17, 2018 California transit agencies have 21 years to build zero-emissions bus fleets

Source: ArsTechnica

On Friday, California's Air Resources Board (CARB) unanimously approved a regulation that would compel the state's public transit agencies to build zero-emissions fleets by 2040. According to the San Francisco Chronicle, the...

December 13, 2018 Waste of Energy

Source: Grist

Drive down Interstate 95 through Baltimore and you can’t miss the Wheelabrator trash incinerator, its smokestack emblazoned with the city’s name. The Charm City’s single largest source of industrial air pollution churns out well...

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