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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

February 18, 2015 Global Ocean Acidity Revealed in New Maps

Source: Live Science

Ocean acidification can now be seen from space, highlighting an ongoing danger of climate change and revealing the regions most at risk.

February 17, 2015 'Climate change hampering world food production'

Source: New Vision

The acceleration climate change and its impact on agricultural production means that profound societal changes will be needed in coming decades to feed the world's growing population, researchers at an annual science conference...

February 17, 2015 Brazil faces water rationing amid worst drought in 84 years

Source: RTCC News

Brazil is struggling to supply enough water to its 200 million people, amid the worst drought in 84 years. São Paulo’s 20 million citizens face having their tap water cut off five days a week, in a bid to conserve dwindling...

February 17, 2015 Real progress on climate change needs trust between all political parties

Source: The Guardian

A successful global climate deal in Paris needs the sort of leadership and cross-party trust that UK parties have shown on climate change

February 17, 2015 Climate Change Poised to Make Infectious Disease Outbreaks More Frequent

Source: NewsWeek

As the catastrophic Ebola outbreak showed the world recently, the modern age of global air travel has made it far easier for disease to spread. But climate change, which is shuffling habitable zones for pathogen-carrying animals,...

February 16, 2015 America's heartland risks ag economic disruptions as climate change advances, report says

Source: High Planes Ag Journal

The Midwestern U.S. faces potential disruptions to its agricultural economy, and dangerous levels of heat in many of its largest cities, if climate change continues unabated, according to a new report released Jan. 23 by the...

February 16, 2015 California drought prompts San Francisco to utilize treated waste water

89.3 KPCC - As California's drought drags on, îone waterî district east of San Francisco is getting creative in their water recycling efforts. The water district is giving away treated sewage water to be utilized for...

February 13, 2015 Scientists Have Figured Out a Way to Convert Solar Energy Into Liquid Fuel

Source: Time

Researchers at Harvard have discovered how to convert solar energy into liquid fuel, potentially accelerating our switch to the alternative-energy source, according to an article in this month’s scientific journal Proceedings of...

February 13, 2015 Shell CEO Says Industry Needs To Be Less Aloof In Climate Change Conversation

Source: Huff Post

Royal Dutch Shell CEO Ben van Beurden believes it is time for his industry to take a more active role in the conversation about climate change and become "less aloof." Putting a price on carbon is a "crucial" part of lowering...

February 13, 2015 Monster Hurricanes Once Plagued East Coast and May Return

Source: NBC News

While Europe was going through the Middle Ages, America's East Coast was being pummeled by hurricanes at least as intense as Katrina every 40 years or so, climate detectives say.

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