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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

April 8, 2019 As sea levels rise, U.N. climbs aboard floating-cities push

Source: Reuters

UNITED NATIONS - A U.N.-backed partnership will study the futuristic prospect of floating cities, looking at how platforms at sea might help bail out coastal cities at risk of flooding due to climate change.

April 5, 2019 Climate Change Reporting: A Catalyst for Change

Source: CFO

To give one example, Tesla is ranked highest in the sustainability index of MSCI, while FTSE ranks it as the worst carmaker globally on ESG issues. People may be forgiven for not making heads or tails of it. Moreover, with so...

April 4, 2019 What we aren't eating is killing us, global study finds

Source: CNN

Which risk factor is responsible for more deaths around the world than any other? Not smoking. Not even high blood pressure. It's a poor diet.

April 4, 2019 Humans Have Caused the Most Dramatic Climate Change in 3 Million Years

Source: Live Science

he level of carbon dioxide in the atmosphere today is likely higher than it has been anytime in the past 3 million years. This rise in the level of carbon dioxide, a greenhouse gas, could bring temperatures not seen over that...

April 3, 2019 Shell quits major US oil lobby over climate change

Source: CNN

London -Royal Dutch Shell says it's quitting a major US oil lobby because it disagrees with the group's policies on climate change.

April 3, 2019 Let nature heal climate and biodiversity crises, say campaigners

Source: The Guardian

The restoration of natural forests and coasts can simultaneously tackle climate change and the annihilation of wildlife but is being worryingly overlooked, an international group of campaigners have said.

April 3, 2019 What does air pollution do to our bodies?

Source: BBC

The countdown has begun to the launch of one of the world's boldest attempts to tackle air pollution.

March 28, 2019 China bucking global shift from coal-fired power -environmental study

Source: Reuters Africa

SHANGHAI - China restarted construction on more than 50 gigawatts (GW) of suspended coal-fired power plants last year, bucking a global shift away from fossil fuels, a new study showed on Thursday.

March 28, 2019 Including More Women In Decision-Making Could Be Better For The Environment

Source: Wyoming Public Media

A new study out of our region shows that when more women are involved in group-decision making about natural resources, conservation gets a boost.

March 27, 2019 Bees: Many British pollinating insects in decline, study shows

Source: BBC

A third of British wild bees and hoverflies are in decline, according to a new study. If current trends continue, some species will be lost from Britain altogether, the scientists say.

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