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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.)

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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

April 17, 2019 Extinction Rebellion vows to disrupt London rail and tube lines

Source: The Guardian

Climate change protesters, who police say have caused “serious disruption” affecting half a million people in London over the past two days, have said they are planning to escalate their protests to disrupt rail and tube lines.

April 17, 2019 NASA Study Confirms Global Warming Trends

Source: US News

THE ARCTIC IS WARMING faster than previously thought, according to a new study. NASA researchers using satellite analysis to confirm air temperatures documented from 2003 to 2017 across the globe found widespread similarities to...

April 17, 2019 How air pollution is doing more than killing us

Source: BBC

Why? Emerging studies show that air pollution is linked to impaired judgement, mental health problems, poorer performance in school and most worryingly perhaps, higher levels of crime.

April 16, 2019 New evidence suggests volcanoes caused biggest mass extinction ever

Source: PHYS.org

Researchers say mercury buried in ancient rock provides the strongest evidence yet that volcanoes caused the biggest mass extinction in the history of the Earth.

April 16, 2019 German prosecutors charge former Volkswagen CEO Martin Winterkorn with fraud

Source: CNN

London - German prosecutors have charged former Volkswagen chief executive Martin Winterkorn with fraud over diesel emissions.

April 12, 2019 Two-thirds of glacier ice in the Alps 'will melt by 2100'

Source: The Guardian

Two-thirds of the ice in the glaciers of the Alps is doomed to melt by the end of the century as climate change forces up temperatures, a study has found.

April 11, 2019 Travel misery and hundreds of car crashes as a spring storm hits parts of the US

Source: CNN

A major spring storm unloaded heavy snow and blizzard conditions from the Dakotas to Minnesota, and is expected to make travel a nightmare for the 1.6 million people in its path as it makes its way toward Canada.

April 10, 2019 Are Plastic Bag Bans Garbage?

Source: NPR

It was only about 40 years ago that plastic bags became standard at U.S. grocery stores. This also made them standard in sewers, landfills, rivers and the Great Pacific Garbage Patch. They clog drains and cause floods, litter...

April 9, 2019 Global warming is shrinking glaciers faster than we thought

Source: Fox News

WASHINGTON— Earth's glaciers are melting much faster than scientists thought. A new study shows they are losing 369 billion tons of snow and ice each year, more than half of that in North America.

April 8, 2019 Air pollution: How does London's new emissions zone compare?

Source: BBC

London's tough new Ultra Low Emissions Zone (ULEZ) is the latest - and one of the strongest - steps yet taken to limit emissions of pollutants from cars, vans and trucks. So how does it compare with other cities in Europe and the...

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