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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

January 16, 2015 Obama Climate Change Plan To Cut Methane Emissions From Oil And Gas Industry Lacks Regulatory Muscle, Enviros Say

International Business Times - âThe plan is only addressing part of the problem. Theyâre not tackling the lionâs share of current emissions,â Jeffrey Deyette, a senior energy analyst at the îUnion of...

January 16, 2015 Drought fears return with signs of 4th straight dry year (California)

Source: SF Gate

The storms that brought some of the biggest downpours of the decade have given way to a dry January and renewed fears that California will languish in yet another parched year. “Californians should brace themselves for a fourth...

January 15, 2015 Specific animals are dying-off in massive groups, and no one can explain why

Source: Science Recorder

Rapid, catastrophic die-offs in which hundreds or even thousands of one particular species die all at once are eerie and disturbing to observe. Determining the cause or causes of such events can be difficult. A new report on the...

January 15, 2015 New Climate Change Study Just 400 Pages Of Scientists Telling Americans To Read Previous Climate Change Studies

Source: The Onion

Co-authored by several dozen of the nation’s top climatologists, a new climate change study released Wednesday by the U.S. Global Change Research Program reportedly consists of 400 pages in which scientists just tell Americans to...

January 15, 2015 Is D-day looming for diesel-fuelled cars'

The Irish Times - Itâs also a lethal killer, with the American îUnion of Concerned Scientistsî saying âparticulate matter irritates the eyes, nose, throat and lungs, contributing to respiratory and...

January 15, 2015 Customers to conserve water; Lake Erie ice limiting supply -text/video

Source: ABC Cleveland

Nearly 200,000 water customers in Avon, Avon Lake, Medina were asked Sunday to take part in a voluntary water cut-back because of intake issues at the Avon Lake Water Regional Water Plant.

January 14, 2015 A Wild Answer to Climate Change

Source: Huff Post

Climate change science can be complicated, but its impacts can be stated very simply: Nature supports all life, and climate change is negatively affecting Nature's ability to produce that life support. As a result, human society...

January 14, 2015 Which countries will suffer the most from climate change?

Source: News.com.au

These are the startling maps which appear to show the countries most at risk of facing an apocalypse of cataclysmic proportions. The maps, compiled using the ND-Gain Index, a project of the University of Notre Dame in the US,...

January 14, 2015 China Calls for Local Targets to Curb Coal Use to Cut Pollution

Source: Bloomberg

China asked four regions including Shanghai and Guangdong to set targets for reducing coal use by the end of June as part of efforts to curb pollution. Shanghai and the provinces of Guangdong, Jiangsu and Zhejiang are among...

January 13, 2015 Climate Change Could Cost Society 6 Times More Than We Expected

Source: Headlies & Global News

New research suggests the "social cost" of carbon could be up to six times higher than the value the U.S. uses to guide its energy regulations. A recent U.S. government study concluded an additional ton of carbon dioxide emitted...

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