Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information
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 26, 2021 Will rising sea levels engulf southern New Jersey? Study finds the region is among six East Coast sites to see waters increasesSource: Daily Mail
A team led by Rutgers University determined sea levels along the eastern US coast rose faster in the 20th century than all of the last 2,000 years – with the most rapid surge in the Garden State. Researchers analyzed levels at...
March 25, 2021 Mexico’s next sustainability challenge: The domestic marketSource: Seaford Sorce
March 25, 2021 The Hershey Company Explains Sweet Sustainabilty StrategySource: Waste 360
The world's largest chocolate manufacturer has announced three target areas aligned with the Paris Climate Agreement to reduce the impact of climate change: investing in energy efficiency, advancing sustainable packaging...
March 25, 2021 By the end of the century, summer weather could last half a year (and that's not a good thing)Source: CNN
Summer weather could grow to half a year in length by the end of this century if no mitigation efforts are done on climate change, according to a new study. In about the past 60 years, summer has increased by 17 days on average...
March 23, 2021 How even beef burgers can be sustainable and healthySource: Innovation Origins
UmaMeats’ meat products are made up of a unique combination of beef and seaweed. Less fat and salt are needed thanks to the flavors of the seaweed. This makes the burgers and sausages healthier and more sustainable. “My goal is...
March 23, 2021 Can We Keep Flying on Sustainable Aviation Fuels?Source: TreeHugger
Sustainable Aviation Fuel, or SAF, is in the news these days; Bill Gates recently wrote that he has been filling his private jet with it since 2020. Treehugger recently covered KLM's use of Neste's fuel which is a "drop-in"...
March 22, 2021 Democrats Get a Second Chance on ClimateSource: Rolling Stone
Can Joe Biden’s Democrats do with 50 Senate votes — one of which belongs to West Virginia’s Joe Manchin, who once ran an ad of himself shooting a bullet through the cap-and-trade bill — what they couldn’t when they had far larger...
President Joe Biden campaigned on a climate policy plan that included, as its backbone, a clean electricity standard (CES) that would push the US electricity sector to net-zero carbon emissions by 2035. Given how important...
Researchers agree the next decade is critical in the fight against climate change. Meanwhile, the global community is challenged to accomplish the shared vision set forth in the United Nations Sustainable Development Goals...
Source: Modern Diplomacy
The COVID-19 crisis poses an unprecedented threat to development in the Asia-Pacific region that could reverse much of the hard-earned progress made in recent years. The good news is we know how to tackle this challenge. Recovery...
|HOME | ABOUT THE SITE | SUBSCRIBE TO SUSTAINABILITY HIGHLIGHTS NEWSLETTER | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|