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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 16, 2018 State cap-and-trade systems make case for carbon pricingSource: GreenBiz
The latest U.N. Intergovernmental Panel on Climate Change report argues that carbon pollution must be cut to zero by 2050 to avoid devastating levels of climate change.
November 15, 2018 Trump administration to cut air pollution from heavy-duty trucksSource: The Guardian
PA to start writing rule requiring new trucks produce less nitrogen oxide, one of its first moves to regulate industry
The Spanish government is considering a slew of new climate-regulations in order to slash its greenhouse gas emissions, including a ban on sale of gasoline and diesel cars beginning in 2040.
Source: San Diego Union Tribune
“Our error margins are too big now to really weigh in on the precise amount of warming that’s going on in the ocean,” Keeling said. “We really muffed the error margins.”
November 13, 2018 Despite Climate Pledges, Global Energy Emissions on the RiseSource: US News
Despite dire warnings from climate scientists and an especially alarming report by the United Nations' main climate panel last month, countries are no closer to reducing their heat-trapping carbon emissions than they were in 2017...
November 13, 2018 The Camp Fire Is Now The Deadliest Wildfire In California’s HistorySource: Huff Post
At least 42 people are dead and 228 people still missing in the Camp fire, which left the town of Paradise and surrounding areas in ashes, Butte County Sheriff Kory Honea told reporters on Monday night.
November 13, 2018 Would flooding the deserts help stop global warming?Source: NBC
A Silicon Valley venture capital firm, Y Combinator, unveiled the radical desert flooding plan as one of four “moonshot” scenarios that it hopes innovators will explore as potential remedies to catastrophic global warming
November 9, 2018 'Eat Less Meat Or Pay The Environmental And Human Price', Says UNSource: Plantbased News
Meat production is one of the most destructive ways we leave our footprint on the planet, according to a new article by the UN.
November 8, 2018 What Do the Election Results Mean for Climate and the Environment?Source: Sierra Club
Progressives’ much-hoped-for blue tsunami ended up being more like a splash. The midterm elections delivered mixed messages, with Democrats reclaiming the House of Representatives in a rebuke to President Trump even as...
November 6, 2018 Commentary: Climate change is scary. 'Rat explosion' is way scarier.Source: Chicago Tribune
As the climate warms, rats in New York, Philadelphia and Boston are breeding faster — and experts warn of a population explosion. Like rats, humans are hardy animals, and we’ve adapted to all kinds of climates. So it can be...
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