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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

November 27, 2018 Germany takes the heat as climate talks close with no progress

Source: The Ecologist

"G7 countries have signalled their agreement on the importance of tackling climate change eventually, but haven't announced any meaningful action", said Susann Scherbarth, climate campaigner for Friends of the Earth Europe "The...

November 27, 2018 Six feet under, a new approach to global warming

Source: Phys.org

A Washington State University researcher has found that one-fourth of the carbon held by soil is bound to minerals as far as six feet below the surface. The discovery opens a new possibility for dealing with the element as it...

November 26, 2018 Northern California Camp Fire finally contained after burning for more than 2 weeks

Source: NBC

LOS ANGELES — A massive wildfire that killed dozens of people and destroyed thousands of homes in Northern California has been fully contained after burning for more than two weeks, authorities said Sunday.

November 26, 2018 The environment: what’s in a word?

Source: Nature

Are we robbing the next generation by impoverishing the planet? Can we find a way for economies to grow without depleting the environment? Barely 50 years ago, such provocative questions might have seemed unimaginable. This was...

November 26, 2018 Major Trump administration climate report says damage is ‘intensifying across the country’

Source: Washington Post

Scientists are more certain than ever that climate change is already affecting the United States — and that it is going to be very expensive.

November 21, 2018 Antarctic melting slows atmospheric warming and speeds sea level rise

Source: Phys.org

As the Antarctic ice sheet melts, warming of the atmosphere will be delayed by about a decade but sea level rise will accelerate, according to new research scheduled for advance online publication in the journal Nature.

November 20, 2018 Climate change is going to make life on Earth a whole lot worse, report predicts

Source: NBC News

Right now, one climate-linked disaster generally hits at a time, whether it’s forest fires destroying swathes of California, hurricanes flooding Texas and Louisiana and completely devastating Puerto Rico, or heat waves killing...

November 19, 2018 Climate change may be dissolving the ocean floor. Here's why we should be worried.

Source: NBC News

From heat waves to severe storms and wildfires, the effects of climate change are visible all around us — and new research suggests that the impact of a warming world extends all the way to the bottom of the ocean.

November 19, 2018 Why Buying A Tesla Is The Best Thing You Can Do For The Environment

Source: Clean Technica

Buying a Tesla is the most important thing you can do for the environment because it will help to dramatically lower the cost of batteries, making a 100% renewable grid affordable. Elon Musk recently said (and he is right!), “I...

November 19, 2018 Study uncovers natural solutions to combat climate change in the U.S.

Source: Accuweather

New research from Clark University has revealed a list of over 20 natural solutions in the United States to help limit warming to no more than 1.5 degrees Celsius above pre-industrial levels.

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