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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 25, 2015 Future of coal, climate and communities debated at hearing

The Charleston Gazette - And Jeremy Richardson, a physicist and energy expert with the îUnion of Concerned Scientistsî, said that West Virginia could also follow the lead of Kentucky, which is using the coal...

March 25, 2015 Beijing schedules closure of final coal-fired power plants

Power Engineering - There is also a drive to restart its nuclear power programme. Emissions fell 2 per cent in China in 2013, the first decline since 2001, according to a Bloomberg îNew Energy Financeî estimate based...

March 24, 2015 World Water Day overshadowed by shortage crisis

Source: The Weather Channel

A new U.N. report revealed that the world could suffer a 40 per cent shortfall in water by 2030 unless dramatic changes are made.

March 24, 2015 Global Climate in 2014 marked by extreme heat and flooding

China - as highlighted by the Fifth Assessment Report of the îIntergovernmental Panel on Climate Changeî," said Jarraud. "The record-breaking temperatures, extreme precipitation and floods we witnessed in 2014 are...

March 24, 2015 Study: Gulf Stream slower than ever before

Source: UPI

POTSDAM, Germany -- The Gulf Stream is the weakest it's been in the last 1,000 years. And as glacier melt in the Arctic continues to accelerate, the foot of the Atlantic's most powerful ocean current keeps pressing harder and...

March 24, 2015 Welcome to the 'Double El Niño' — and more extreme weather

Source: PRI.org

We’re about to experience a “double El Niño” — a rare weather phenomenon that climatologists had warned about several months ago.

March 23, 2015 Top China weather expert warns on climate change

Source: Business Insider

Beijing - China's top weather official has issued a stark warning on climate change, saying that rising temperatures could have "huge impacts" on the world's most populous country, state media reported Sunday.

March 23, 2015 Co-founder of Greenpeace explains why he is a climate skeptic

American Thinker - Moore is just getting warmed up. He makes the salient point that the îIntergovernmental Panel on Climate Changeî (IPCC) has a massive conflict of interest in researching global warming: By its...

March 23, 2015 'Luck not design' will enable Australia to meet 2020 emissions targets

Sydney Morning Herald - Energy and carbon research firm îRepuTexî stood by its forecasts that the emissions reduction fund on its own would achieve 80 to 120 million tonnes of carbon reduction. îRepuTexî's...

March 23, 2015 Pollutants Created by Climate Change Are Making Airborne Allergens More Potent

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Currently, some 50 million or so Americans suffer from nasal allergies, but the number is going up, and researchers from the Max Planck Institute for Chemistry in Germany say a pair of pollutants linked to climate change could be...

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