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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

December 6, 2018 The Guardian view on climate change: too much, too soon

Source: The Guardian

We are losing the war against climate change; the use of fossil fuels is driving higher carbon emissions when they need to be coming down

December 6, 2018 Cars and coal help drive 'strong' CO2 rise in 2018

Source: BBC

A booming global market for cars has helped drive CO2 emissions to an all-time high in 2018, say researchers.

December 5, 2018 David Attenborough’s Dire Climate Warning: ‘Our Greatest Threat In Thousands Of Years’

Source: Huff Post

David Attenborough, the famed naturalist and conservation advocate, issued a dire warning for the world during a speech at the United Nations’ annual climate summit on Monday: Act now, or the natural world, humanity included, may...

December 5, 2018 How to grow the economy while also protecting the environment

Source: Macleans

There’s an estimated $26 trillion global opportunity in clean growth coming in the next 12 years, and a trio of new regulatory initiatives from last week’s federal Fall Economic Statement might help Canada grab a bigger share of...

December 5, 2018 U.S. coal consumption drops to lowest level in nearly 40 years

Source: NBC News

WASHINGTON — A federal report says Americans are using less coal this year than at any time since Jimmy Carter's presidency. That's despite the Trump administration's efforts to revive the country's coal industry.

December 4, 2018 Air Pollution Has A Devastating Impact On Children’s Health

Source: Clean Technica

Every day around 93% of the world’s children under the age of 15 years (1.8 billion children) breathe air that is so polluted it puts their health and development at serious risk. According to a new report from the World Health...

December 3, 2018 Climate change: 'World at crossroads' warning as key talks begin

Source: BBC

Four senior figures behind efforts to limit climate change have warned that the planet "is at a crossroads" as key talks opened a day early in Poland.

November 28, 2018 We must triple our efforts to counter catastrophic climate change. Or else.

Source: Bulletin of the Atomic Scientists

What are governments waiting for'” Stephanie Pfeifer, the chief executive of the Institutional Investors Group on Climate Change, said some businesses were taking action. “Investors understand the opportunity...

November 27, 2018 Ocean circulation in North Atlantic is at its weakest for 1,500 years - and at levels that previously triggered a mini Ice Age, study warns

Source: Daily Mail (UK)

Researchers have discovered that water in the North Atlantic has 'dramatically weakened.'The study shows the levels are at their lowest of for 1,500 years - and climate change is to blame. Researchers warn the currents will have...

November 27, 2018 Why Climate Change Will Burn Energy Production, Water Supplies And The Trump Presidency

Source: Forbes

“Extreme weather events and water shortages are already interrupting the energy supply, and impacts are expected to increase in the future,” the US National Climate Assessment says. “Much of America’s energy infrastructure is...

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