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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 27, 2019 Iceberg twice the size of New York City about to break off Antarctica, says NASA

Source: USA Today

Researchers are monitoring a giant crack in the center of the Brunt Ice Shelf in Antarctica. The crack had been stable for 35 years but has started accelerating toward another fissure called the Halloween crack.

February 26, 2019 A World Without Clouds

Source: Quanta

Clouds currently cover about two-thirds of the planet at any moment. But computer simulations of clouds have begun to suggest that as the Earth warms, clouds become scarcer. With fewer white surfaces reflecting sunlight back to...

February 26, 2019 Developing world drought threat to EU rice and cotton intensifies research efforts

Source: Phys.org

Can you imagine the chocolate industry without cocoa,' said Dr Ercin, from the Water Footprint Network, a Dutch non-governmental organisation which is part of the IMPREX project. 'These (industries) are so vulnerable, and that is...

February 22, 2019 Ford hires outside firm to investigate US fuel economy and emissions compliance after employees raise concern

Source: CNBC

Ford announced Thursday the motor company is hiring an outside firm to conduct an investigation into its internal process for complying with U.S. fuel economy and emissions standards.

February 22, 2019 Climate change: obsession with plastic pollution distracts attention from bigger environmental challenges

Source: The Conversation

By now, most of us have heard that the use of plastics is a big issue for the environment. Partly fuelled by the success of the BBC’s Blue Planet II series, people are more aware than ever before about the dangers to wildlife...

February 21, 2019 “Issue With Tissue” Sustainability Scorecard Flunks Charmin and Other Toilet Paper Brands

Source: NRDC

WASHINGTON – A new report takes the largest tissue companies to task for destroying North American forests and exacerbating the world’s climate crisis. “The Issue with Tissue” reveals Procter & Gamble, Kimberly-Clark, and...

February 20, 2019 Amazon wants to reduce shipping's harm to environment

Source: CNET

The e-commerce behemoth on Monday set a goal of cutting in half the carbon footprint created by its shipments by 2030 as it moves to a long-term objective of using 100 percent renewable energy.

February 20, 2019 Cities With the Biggest Carbon Footprints

Source: US News

Seoul tops the list of cities with the largest carbon footprints. The country’s Ministry of Environment has started implementing tech solutions – such as the use of drones – to crack down on illegal incineration, which produces...

February 14, 2019 Climate experts say we must transform the world economy to mitigate climate change. Here's how - video

Source: Mashable

To help mitigate global warming, we need to transform the world economy in a matter of years. To do this, we'll need to deploy the two most powerful engines of change in modern history, technology and capitalism.

February 13, 2019 THIS SCARY MAP SHOWS HOW CLIMATE CHANGE WILL TRANSFORM YOUR CITY

Source: Wired

THE CENTRAL CONTRADICTION of climate change is that it is at once the most epic problem that our species has ever faced yet it is largely invisible to the average human

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