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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 4, 2015 When global warming means more snow

Source: The Week

At first glance, asking whether global warming results in more snow may seem like a silly question because obviously, if it gets warm enough, there is no snow. Consequently, deniers of climate change have used recent snow dumps...

February 4, 2015 Can Sun and Wind Make More Salt Water Drinkable?

Source: National Geographic

February 4, 2015 World has not woken up to water crisis caused by climate change: IPCC head

Source: Reuters

NEW DELHI – Water scarcity could lead to conflict between communities and nations as the world is still not fully aware of the water crisis many countries face as a result of climate change, the head of the U.N. panel of climate...

February 3, 2015 Cities that meet air standards in China: 8

Source: CNN

Hong Kong—Only eight Chinese cities met the country's air quality standards in 2014, according to China's Ministry of Environmental Protection, although this was an improvement on 2013 when just three made the grade

February 3, 2015 Global warming slowdown is NOT down to climate model errors: Natural variations in the weather explain the 'pause', says study

Daily Mail - The UN's îIntergovernmental Panel on Climate Changeî last year concluded that the deep oceans had been responsible for absorbing an increasing amount of heat, but warned that this could not continue...

February 3, 2015 Earth's Dashboard Is Flashing Red—Are Enough People Listening?

Source: National Geographic

As scientists and much of the public differ on the causes of climate change, the planet keeps getting warmer … and the effects are adding up.

February 3, 2015 Which Countries Are Most Likely to Be Wiped Out By Future Disasters?

Source: Gizmodo

The results of a new report show which countries are the most vulnerable to risk—and the most ready to respond when disaster strikes. Bigger storms and more flooding are some of the most most obvious ingredients in the risk stew...

February 2, 2015 14 of the 15 hottest years on record have occurred since 2000, UN says

Source: The Guardian

Fourteen of the 15 hottest years on record have occurred since 2000, according to the UN World Meteorological Organisation, as rising carbon emissions continue to trap heat and drive climate chan

February 2, 2015 Seven Reasons Cheap Oil Can't Stop Renewables Now

Source: Bloomberg

Oil prices have fallen by more than half since July. Just five years ago, such a plunge in fossil fuels would have put the renewable-energy industry on bankruptcy watch.

February 2, 2015 2014 Was the Hottest Year on Record - 135 Years in 20 secs,

Source: Bloomberg

Deny this. The animation below shows the Earth’s warming climate, recorded in monthly measurements from land and sea over 135 years. Temperatures are displayed in degrees above or below the 20th-century average. Thirteen of the...

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