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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

May 9, 2019 Britain Just Went a Week Without Coal For the First Time in 137 Years

Source: Gizmodo

Coal may have helped birth the Industrial Revolution in Britain, but the nation is working hard to leave it behind. And it just hit a big milestone: This marks the first time since 1882 that Britain has run a week without coal.

May 8, 2019 Climate Change Suddenly Matters in the 2020 Race. Are the Candidates Ready?

Source: Politico

The polls say this one really could be a climate election. A top climate thinker games out what it means for the candidates.

May 7, 2019 1 Million Animal And Plant Species Are At Risk Of Extinction, U.N. Report Says

Source: NPR

Up to 1 million of the estimated 8 million plant and animal species on Earth are at risk of extinction — many of them within decades — according to scientists and researchers who produced a sweeping U.N. report on how humanity's...

May 6, 2019 As Sea Levels Rise, Expect More Floods

Source: Eos

According to the Fifth Assessment Report from the United Nations’ Intergovernmental Panel on Climate Change, the global mean sea level is expected to continue rising throughout the 21st century.

May 3, 2019 Hurricane experts warn it's not the wind, but the water that really kills

Source: Orlando Sentinel

If experts have learned anything about hurricanes in the last two seasons it’s that wind is not the major culprit in hurricane fatalities. It'’s the water, said Ken Graham Director of NOAA’s National Weather...

May 3, 2019 Towards sustainable desalination

Source: UN Environment

Did you know that several countries, such as the Maldives, Malta and the Bahamas, meet all their water needs through the desalination process—that is, they convert seawater to freshwater?

May 2, 2019 Maine becomes the first state to ban Styrofoam

Source: CNN

Food containers made of Styrofoam, also known as polystyrene, will be officially banned from businesses in Maine after governor Janet Mills signed a bill into law Tuesday

May 2, 2019 Climate change has contributed to droughts since 1900—and may get worse

Source: National Geographic

Using studies of tree rings going back centuries, scientists have unearthed clear evidence that the rise of human-generated greenhouse gases was having an effect on global drought conditions as early as 1900.

May 1, 2019 Charge a carbon fee. Let the market fix climate change. [Opinion]

Source: Houston Chronicle

hances are, as a Houstonian, you work with energy or petrochemicals in some way. If you’ve been here a few years, you lived through Harvey and have the scars to prove it. As both the world’s energy capital and a city exposed to...

April 30, 2019 Two-thirds of Britons agree planet is in a climate emergency

Source: The Guardian

Two-thirds of people in the UK recognise there is a climate emergency and 76% say that they would cast their vote differently to protect the planet.

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