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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

March 7, 2019 The World Needs Natural Gas, Not The Sierra Club

Source: Forbes

In October, 18 years after the non-disaster, the UN’s Intergovernmental Panel on Climate Change (IPCC) issued a call for dramatic reductions in Global Greenhouse Gases (GHGs). Its goal is to limit global warming to 1.5...

March 7, 2019 People Need to Be Scared About Climate Change. They Also Need to Recognize That It’s Not Too Late.

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Amid all the carnage, the leading global authority on warming, the UN’s Intergovernmental Panel on Climate Change, detailed the horrors in store if average temperatures pass 1.5 degrees Celsius (2.7 degrees Fahrenheit)...

March 6, 2019 Climate breakdown is coming. The UK needs a Greener New Deal

Source: The Guardian on MSN.com

When the Intergovernmental Panel on Climate Change (IPCC) published their latest report in October, the message was stark: if the planets wants to avert dangerous climate breakdown, we need to cut emissions in half by 2030, and...

March 5, 2019 Isn’t It Time To Devote Sovereign Wealth Funds To Tackle Climate Change'

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According to the World Economic Forum, policy makers have wrangled for decades with the challenge of transforming 2 kinds of assets into sustainable development: commodity wealth — economic ...

March 5, 2019 Does Climate Change Mean You Should Fly Less' Yeah, Maybe

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This story originally appeared on Slate and is part of the Climate Desk collaboration. Two weeks ago, the Intergovernmental Panel on Climate Change released a dire report that made crystal clear that we have about a decade to...

March 5, 2019 22 of the top 30 most polluted cities in the world are in India

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India accounts for seven of the world's 10 cities with the worst air pollution, according to a new report, but previously smogbound Chinese cities have seen a marked improvement.

March 5, 2019 Most US coal plants are contaminating groundwater with toxins, analysis finds

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Almost every coal-fired power plant in the US is contaminating groundwater with unsafe levels of toxic pollution, according to the first comprehensive analysis of the consequences of coal ash waste disposal.

March 4, 2019 Is it climate change or global warming' How science and a secret memo shaped the answer

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The United Nations has the Intergovernmental Panel on Climate Change. The National Climate Assessment says it summarizes the impacts of "climate change." Congress named its subcommittee Environment & Climate Change, not...

March 4, 2019 Two billion people lack safe drinking water, more than twice lack safe sanitation

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according to a new report by the World Health Organization and UNICEF. The Joint Monitoring Programme (JMP) report, Progress on Drinking Water, Sanitation and Hygiene: 2017 Update and Sustainable Development Goal Baselines, ...

February 28, 2019 Commentary: Acting on climate change can make difference

Source: Shakopee Valley News

These findings are consistent with the most recent report from the U.N. Intergovernmental Panel on Climate Change, last year’s Fourth National Climate Assessment produced by 13 U.S. agencies under President Donald Trump and...

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