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Global Warming and Climate Change, Global Warning Information, Updates![]() Global Warming and Climate ChangeUpdated 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/
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Latest on Global Warming and Climate ChangeApril 12, 2022 Shortage of EV battery raw material graphite could delay global drive to go greenSource: South China Morning PostGraphite, a critical mineral used in electric vehicle batteries, could see a shortage in supply amid surging demand for EVs, which may delay the global drive to go green. April 12, 2022 Environmental group calls for deflating tires of SUVs to combat climate change: target ‘wealthy areasSource: Fox BusinessA radical environmental group raised a few eyebrows on Twitter after encouraging people to let the tires out of SUVs in an apparent bid to combat climate change. April 6, 2022 What the war in Ukraine means for energy, climate and foodSource: NatureOn 22 February, Germany scuttled its approval of a newly built gas pipeline from Russia, and is now planning to import liquefied natural gas from countries such as Qatar and the United States. Belgium is reconsidering its exit... April 6, 2022 This Is How the Global Energy Crisis EndsSource: WiredWith future price rises baked in and some countries on the verge of rationing gas, things are going to get a whole lot worse before they get any better. April 5, 2022 UN report on climate crisis confirms the world already has solutions – but politics are getting in the waySource: CNNThe world is careening toward levels of global warming that will have irreversible impacts, a new landmark report says, but we already have the solutions — the only thing preventing us from taking advantage of them is political... April 4, 2022 Equilibrium/Sustainability — Official orders probe of ‘lost’ 228B gallons of waterSource: The HillCalifornia Assemblymember Adam Gray (D) is demanding an explanation as to how the state may have “lost” an estimated 228 billion gallons of water, which is enough to fill more than 345,000 Olympic-sized swimming pools, ABC7 San... April 4, 2022 California snowpack is critically low, signaling another year of devastating droughtSource: CNNSnowpack in the California Sierra this winter is just 38% of normal, California water officials said Friday, in the latest sign the state’s drought is growing more devastating by the month. April 1, 2022 Is this the beginning of the end for fast fashion? The EU is moving to clean up the dirty industrySource: EuroNewsThe European Union warned consumers to stop using their clothes like throwaway items and said on Wednesday that it plans to counter the polluting use of mass-market fast fashion. New rules proposed by the EU's executive arm call... March 23, 2022 In times of crisis and beyond: the imperative for sustainable developmentSource: LexologyMany articles ask readers to imagine a post Coronavirus (COVID-19) world. However, it is difficult to do so when we have no idea when the pandemic will end. We do know that we are living through unprecedented times and a pandemic... March 23, 2022 Soothing India’s Volatile Water: Ideas for Sustainable Water Use Amid Erratic Water Security ScenarioSource: The Weather ChannelProlonged dry spells, followed by sudden bouts of heavy rains—is this because of the changing climate? I can’t tell! But scientists have warned for a long time that extreme rainfall events like this will become far more common as... |
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