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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

June 3, 2015 EXTREME WEATHER: WHAT’S CLIMATE CHANGE GOT TO DO WITH IT?

Source: Bloomberg Climate Blog

With Atlantic hurricane season officially beginning this week, now seems like a good time to ask: how are extreme weather and climate change related? The answer: it’s complicated.

June 2, 2015 Global warming to bring dramatic changes to oceans

Source: CBS News

If global warming continues unchecked, the world's oceans could go through dramatic changes by the end of this century that would be comparable to what they have endured over the past 3 million years or since the last ice age.

June 1, 2015 UN Climate Deal in Paris May End Up Burying 2 Degree Goal

Source: NDTV

Bonn: The UN's Paris climate conference, designed to reach a plan for curbing global warming, may instead become the graveyard for its defining goal: to stop temperatures rising more than 2 degrees Celsius above pre-industrial...

June 1, 2015 How Federal Dollars Are Financing the Water Crisis

Source: NewsWeek

An examination by ProPublica shows that the scarcity of water is as much a man-made crisis as a natural one, the result of decades of missteps and misapprehensions by governments and businesses as they have faced surging demand...

June 1, 2015 Warming oceans could mean typhoons are 14% stronger by 2100, study says

The Carbon Brief - It's worth remembering that the latest research shows current emissions tracking the highest emissions scenario of those used by the îIntergovernmental Panel on Climate Changeî (IPCC) scenarios, so...

May 31, 2015 EIA Analysis: Wind Energy Is The Lowest-Cost Option For Reducing Carbon Emissions

North American Windpower - îWorld Resources Instituteî (WRI) also released analysis that looked at all economy-wide options for reducing carbon pollution and found that, thanks to recent cost declines, renewable...

May 31, 2015 Media failing on climate-change coverage

The Star - Why not for climate, the story of the century' Tyler Hamilton is editor-in-chief of îCorporate Knightsî magazine and an adjunct professor of environmental studies at York University. > 1862

May 29, 2015 Climate Change could be responsible for recent devastating storms and floods

mainenewsonline.com - The United Nations' îIntergovernmental Panel on Climate Changeî stated in its latest report that a rise has been witnessed in the level of precipitation events in North America and Europe. There...

May 29, 2015 Climate change blamed as thousands die in Indian heat

Source: FT.com

Indian officials have reported about 2,000 heat-related deaths in recent days, many of them in the southern states of Andhra Pradesh and Telangana, with victims succumbing to heatstroke and dehydration and hospitals struggling to...

May 29, 2015 Global Warming Update

Source: Greenpeace

Petroleum interests and paid denialist employ scientific doubt to rationalize non-action, but this is a trick. Scientific knowledge is built on doubt. Every process in nature involves multiple influences, no observer knows all...

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