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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 29, 2019 Cruise Ship Pollution Is Causing Serious Health And Environmental Problems

Source: Forbes

However, as nations strive to reduce their CO2 emissions and companies come under pressure to decrease their carbon footprint, the maritime industry is finding itself under growing scrutiny.

April 29, 2019 Ford electric vehicles and hybrids: Here are some of the many models arriving soon

Source: Green Car Reports

With last week’s announcement of a strategic partnership with electric truckmaker hopeful Rivian, cemented by a pending $500 million equity investment, Ford Motor Company is covering the bases for how the market might evolve and...

April 29, 2019 Millennials and Gen Z are finally gaining ground in the climate battle — here are the signs they're winning

Source: Markets Insider

McKibben pointed to the October 2018 report from the Intergovernmental Panel on Climate Change (IPCC) as the catalyst for this current "climate moment." Hollis Johnson/Business Insider According ...

April 29, 2019 EU food sector unprepared for droughts set to hit palm oil, soy & cocoa

Source: FoodNavigator

Around 38% of the EU’s water demand lies outside its borders with 98% of this embodied in imported agricultural products, according to a new report published by the Water Footprint Network. This leaves the bloc...

April 27, 2019 Steve Forbes: Rich people don't need your money to buy electric cars -- Let's get real about EV tax credits

Source: Fox News

Americans who want to drive electric vehicles should absolutely be free to do so. But the rest of us should not be forced to subsidize their expensive, environmentally questionable choice of cars. Liberal environmentalists have...

April 26, 2019 Report ranks oil companies by water, chemical management practices

Source: Houston Chronicle

A new report from the shareholder advocacy group As You Sow and investment advisory firm Boston Common Asset Management ranks oil companies based on their water and chemicals management practices. Released on Wednesday morning,...

April 26, 2019 Dirtiest week for water in EPA history

Source: The Hill

The views expressed by contributors are their own and not the view of The Hill Before the Clean Water Act was passed in 1972, our nation’s waters were in trouble. Lake Erie was virtually dead ...

April 26, 2019 Earth lost nearly 30 million acres of tropical forest last year

Source: Upi.com

April 25 (UPI) --Tree cover tropics shrank by 30 million acres in 2018, the fourth largest decline since record keeping began in 2001, according to new data compiled by scientists with the World Resources Institute. The lost...

April 25, 2019 13 brands that give back to the environment in a big way

Source: TODAY

Earth Day was celebrated this year on April 22. But, really, shouldn’t every day be a celebration of the planet we inhabit? With that in mind, gift giving can have double the impact when you find products that give back to the...

April 25, 2019 Wait, Reusable Cotton Bags Are Bad for the Environment?

Source: Care2

A recent report claims that organic cotton bags are worse for the planet than plastic. Let’s take a deeper look at the impacts of our grocery-toting options.

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