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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
Source: The Guardian
Is 2015 the year when the world will finally decide on a major new global agreement on climate change? Pundits are beginning to put their cases as to whether the Paris summit in December will “save the earth”, or will end up as...
February 5, 2015 Breakingviews: Shell oils gears for climate-activist investorsSource: Reuters
Shell has oiled the gears for climate-activist investors. The Anglo-Dutch energy firm announced last week that it is backing a resolution from a group of shareholders wanting more disclosure about how climate change might affect...
February 5, 2015 Any News In That Climate Change Poll?Source: Clean Technica
Everyone’s talking about the Stanford-Times climate change poll that came out last Thursday. Simply, it showed that Americans are way ahead of their lawmakers in terms of recognizing that human activities help cause climate...
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New research shows that species from the Atlantic and the Pacific oceans soon will start to mix. This could have serious consequences for both fisheries and local ecosystems.
February 5, 2015 Global warming won’t prevent massive snowstorms, study suggestsSource: Boston Globe
When a historic blizzard dumps a record-breaking amount of snow on the region, it’s only a matter of time before someone ventures a wry joke about climate change. Maybe there’s an upside to a warmer world, after all? Less...
February 5, 2015 Water Crisis And Scenario Planning For BusinessSource: Forbes
The World Economic Forum in Davos addresses nearly every risk factor conceivable, but biggest of all, according to 896 leaders surveyed, is water. Business strategy faces a water paradox: the most valuable resource on Earth is...
February 4, 2015 The climate-change debate, simplifiedSource: StarTribune
Another way to think about the question of whether climate change is caused by humans is to simply look at how we’ve changed the landscape. (First understand that carbon dioxide or CO2 causes warming, regardless of the source,...
February 4, 2015 Californians use 22 percent less water, but more cuts loomSource: SF Gate
December's rains enabled Californians to finally meet Gov. Jerry Brown's call for a 20 percent reduction in monthly water consumption, but more restrictions loom as the state adapts to long-term drought conditions
February 4, 2015 When global warming means more snowSource: 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
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