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
December 2, 2020 Exxon Continues Unprecedented TumbleSource: Gizmodo
When the fossil fuel industry finally winds down in the coming decades, 2020 will stand as a pivotal year. Major corporations have been knocked off their pedestals, and there’s no bigger fall than Exxon’s.
December 2, 2020 Samson Solar Energy Center: Largest Solar Project in U.SSource: Construction Equipment Guide
Invenergy, a privately-held global developer and operator of sustainable energy solutions, recently announced a 1,310-megawatt solar energy generation facility that will be the largest in the United States upon completion....
December 1, 2020 Climate change: Temperature analysis shows UN goals 'within reach'Source: BBC
A new analysis, seen by the BBC, suggests the goals of the UN Paris climate agreement are getting "within reach." The Climate Action Tracker group looked at new climate promises from China and other nations, along with the carbon...
November 30, 2020 Fund invests $580,000 in sustainable coolingSource: Cooling Post
The Fair Cooling Fund seeks to help those most affected by soaring global temperatures by providing a range of solutions including solar-powered refrigeration for small-scale farmers and low-carbon cooling for slum houses.
November 25, 2020 Arctic temperatures soared to 12°F above normal across an area double the size of the United States last weekend, alarming scientistsSource: Daily Mail (UK)
The Arctic's sweltering 2020 continues in earnest with temperatures last weekend reaching more than 5° (12°F) above the norm for the 1990s.
November 25, 2020 EV interest in UK surges five-fold after news of petrol, diesel car banSource: The Driven
Interest in electric vehicles in the UK soared by a factor of more than five in the 24 hours following news that the country will ban new petrol and diesel vehicle sales by 2030, according to a car sales site.
November 25, 2020 Investors plan major move into renewable energy infrastructureSource: The Guardian (UK)
Global investors managing nearly $7tn (£5.2bn) of assets plan to almost double their spending on renewable energy infrastructure over the next five years amid deepening concerns over the fossil fuel industry’s climate plans,...
Greater use of home-grown timber in UK construction is taking a step forward through a new demonstrator project, which could boost Scotland’s economy and improve the industry’s environmental impact.
November 23, 2020 Farmers Are Warming Up To The Fight Against Climate ChangeSource: NPR
This week, it announced that it had formed a coalition that plans to push the government to adopt dozens of policy changes that would make it easier for farmers to reduce emissions from agriculture.
November 23, 2020 5 rail sustainability trends for 2021Source: Freight Waves
Rail is the lowest-emitting mode of freight per ton mile. It is only responsible for 6% of logistics-related greenhouse gas (GHG) emissions. Rail emits 23 grams of CO2 per ton-mile compared to trucking, which is at 202. Here’s...
|HOME | ABOUT THE SITE | SUBSCRIBE TO SUSTAINABILITY HIGHLIGHTS NEWSLETTER | VOICES: FEATURED COMMENTATORS AND BLOGGERS | SPECIAL SECTIONS|