[TheClimate.Vote] Oct 28, 2016 - Daily Global Warming News for voters, candidates and officials
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Bad Week for Exxon: Outlook Plunges as NY Court
Says*Climate*Criminal Must Comply
<http://www.commondreams.org/news/2016/10/27/bad-week-exxon-outlook-plunges-ny-court-says-climate-criminal-must-comply>
Common Dreams (press release) -14 hours ago
...New York State Supreme Court has ordered the oil giant and its
accounting firm to produce documents subpoenaed in a highly charged
investigation of whether the company concealed from investors and
the public what it knew about climate change as long as four decades
ago.....“I hope that today’s order serves as a wake up call to
Exxon,” the New York attorney general said....ExxonMobil and its
auditor PricewaterhouseCoopers LLP must comply with a subpoena
issued as part of New York Attorney General Eric
Schneiderman's*climate*fraud probe, The New York Supreme Court ruled
Wednesday. ...subpoenaed Exxon following allegations that it lied to
its investors about the risks of carbon emissions and climate
change... A second subpoena, issued in August, seeks documents
related to PwC’s work for the oil giant....ruling that New York law,
which does not recognize an accountant-client privilege, applies to
Schneiderman’s subpoena....said his office is looking forward to
“moving full-steam ahead with our fraud investigation of Exxon.”
*Climate change*could flip Mediterranean lands to desert
<http://www.nature.com/news/climate-change-could-flip-mediterranean-lands-to-desert-1.20894>
Nature.com -12 hours ago
*Climate change*could flip Mediterranean lands to desert. Warming beyond
2 ºC ... The situation in southern Europe is similar to the US
southwest, Gonzalez points out: temperature increases drive droughts3.
More carbon dioxide in the atmosphere means rising temperatures, less
precipitation and then more drying that leads to
desertification....Maintaining the historic ranges of the region's
ecosystems would require limiting warming to just 1.5 ºC, by making
substantial cuts to the world's*greenhouse-gas**...
*
(opinion) Building Walls' Will Worsen Coming*Climate *Crisis, Top
General Warns
<http://www.commondreams.org/news/2016/10/27/building-walls-will-worsen-coming-climate-crisis-top-general-warns>
Common Dreams (press release) -3 hours ago
*Global warming*has the potential to "completely destabilize" the
planet, cautioned a top military leader, as nations increasingly
respond by erecting "walls and fences" rather than seek out a
"global solution" to address the coming tide of*climate**of climate
refugees...publications was presented earlier this week at the Hague
Roundtable on Climate and Security in the Netherlands...Among the
group's findings, Muniruzzaman explained to the U.K.'s Independent,
are that the risks of climate change are becoming "all-pervasive,"
with the impacts "becoming so severe they hold tremendous conflict
potential."
*
Florida scientists want to educate Trump on*climate*
<http://www.wmnf.org/florida-scientists-educate-trump-climate/>
WMNF -21 hours ago
Twenty-six Florida scientists have written a letter to Donald Trump;
they want to meet with the Republican presidential nominee to talk
about the latest*climate science*and the threats expected because of
a changing*climate*. ... First of all,*sea level**...
*
Tibet Just Had Another Massive Ice Avalanche
<http://www.climatecentral.org/news/tibet-ice-avalanche-20822>
Climate Central -9 hours ago
“The risk of natural hazards is amplified in the mountains and by
the mountains,” Joseph Shea, a scientist at the International Centre
for Integrated Mountain Development, told*Climate*Central after the
first avalanche. “And*climate change*generally*...*
*Adapting to rates versus amounts of climate change: a case of
adaptation to sea-level rise
<http://iopscience.iop.org/article/10.1088/1748-9326/11/10/104007>*
"The optimum solution for investment in coastal zones comes from
when you are looking at the rate of change, not the amount of
change"
http://iopscience.iop.org/article/10.1088/1748-9326/11/10/104007/pdf
How fast will we adapt to global warming? '...the decision to defend
or abandon cities' How fast will we need to adapt to global
warming? 'Societies will be faced with the decision of whether to
defend or abandon cities threatened by sea-level rise'
BlackRock calls for higher carbon price to tackle*climate change*
<https://www.ft.com/content/bde6859a-9ac2-11e6-8f9b-70e3cabccfae>
Financial Times -10 hours ago
The world's largest fund house, which manages $4.9tn for investors,
said it is struggling to understand the*climate change*risks it
faces when making investment decisions because the price companies
have to pay for emitting carbon is inconsistent.
US negotiator: 'severe' damage without more*climate*action
<http://www.csmonitor.com/Environment/Inhabit/2016/1026/US-negotiator-severe-damage-without-more-climate-action>
Christian Science Monitor -Oct 26, 2016
October 26, 2016 Washington—Countries will be expected to increase
their level of ambition on*climate change*as they gather next month
to build on a landmark deal to curb*greenhouse gas*emissions, the
top United States*climate *negotiator said Tuesday.
*This day in Climate History October 28, 2005
<http://www.nytimes.com/2005/10/28/business/28oil.html?_r=0&pagewanted=print>**:
>From D.R. Tucker ---------------------------*
October 28, 2005: The New York Times reports:
"A sudden interruption in oil supplies sent prices and profits
skyrocketing, prompting Exxon's chief executive to call a news
conference right after his company announced that it had chalked up
record earnings. ...'I am not embarrassed,' he said. 'This is no
windfall.'..."That was January 1974, a few months after Arab oil
producers cut back on supplies and imposed their short-lived embargo
on exports to the United States. Oil executives, including J. K.
Jamieson, Exxon's chief executive at the time, were put on the
defensive, forced to justify their soaring profits while the nation
was facing its first energy crisis. ..."Three decades later, their
successors are again facing contentions that oil companies are
making too much money and have failed to expand production. ...
"Politicians and other critics are asking why the industry allowed
its refining capacity to tighten. ...."Exxon Mobil, the world's
largest oil company, said yesterday that its third-quarter net
income jumped 75 percent, to $9.92 billion. Its profit in the first
nine months of this year - $25.42 billion - already equals its
full-year earnings for 2004. This year's sales, which topped $100
billion in the last quarter, are expected to exceed those of
Wal-Mart..."Another oil giant, Royal Dutch Shell, reported a 68
percent jump in profits yesterday, to $9.03 billion. Chevron is
expected to post a profit of more than $4 billion today...."This
year is shaping up as an exceptionally lucrative one for the oil
industry, thanks to strong global demand, tight supplies and high
prices for oil and natural gas. While the idea that the Bush
administration was considering imposing a windfall profits tax was
knocked down yesterday by officials, longstanding resentments
against Big Oil are resurfacing and could end up imposing some
additional burdens on the industry. ..."The sense that government
should step in to curb the phenomenal wealth and power often enjoyed
by oil companies goes back to Exxon Mobil's corporate ancestor from
the late 19th century, the Rockefeller oil trust known as Standard
Oil...."Today, Republicans and Democrats alike, aware of the
politically sensitive issue of high energy prices, are putting
increasing pressure on the oil and gas industry to return some of
its profits. The ideas include forcing the industry to invest in
more refining capacity, to increase inventories to cushion energy
shocks, or to provide money directly to the government program that
helps low-income people pay heating bills."
http://www.nytimes.com/2005/10/28/business/28oil.html?_r=0&pagewanted=print
======================== #### ===========================
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