[TheClimate.Vote] March 31, 2017 - Daily Global Warming - Language, Psyche, Disclosing risk, Investment wisdom
Richard Pauli
richard at theclimate.vote
Fri Mar 31 06:10:26 EDT 2017
/March 31, 2017 Language, Psyche, Disclosing risk, Investment wisdom/
http://dailycaller.com/2017/03/30/trump-to-announce-more-big-global-warming-science-cuts/
Trump To Announce More Big*Global Warming*Science Cuts
<http://dailycaller.com/2017/03/30/trump-to-announce-more-big-global-warming-science-cuts/>
Daily Caller -1 hour ago
President Donald Trump is looking to cut another $140 million in funding
from government-funded*global warming*science programs, according to Space.
http://www.catholic.org/news/green/story.php?id=74279
Big companies defy Trump on*climate change*
<http://www.cnbc.com/2017/03/30/big-companies-defy-trump-on-climate-change.html>
CNBC -48 minutes ago
As President Trump rolls back Obama's environmental legacy, it isn't
just green groups who say they'll resist America's reversal on clean
electricity.
http://www.independent.co.uk/environment/donald-trump-tom-crowther-climate-change-speed-up-destroy-jobs-global-warming-a7656996.html
Donald Trump's 'insane' climate change policy will destroy more jobs
than it creates, says*global warming*expert
<http://www.independent.co.uk/environment/donald-trump-tom-crowther-climate-change-speed-up-destroy-jobs-global-warming-a7656996.html>
The Independent -14 hours ago
Donald Trump will speed up*global warming*and will potentially destroy
more American jobs than he creates, a climate change expert has warned.
http://www.cnbc.com/2017/03/30/vladimir-putin-russia-trump-us-climate-policy.html
*Climate change*doubters may not be so silly, says Russia President
Putin
<http://www.cnbc.com/2017/03/30/vladimir-putin-russia-trump-us-climate-policy.html>
CNBC -3 hours ago
While Putin reaffirmed Russia's commitment to the Paris climate
agreement, he also agreed with Finnish President Sauli Niinistö's
comments regarding the inevitability of global warming.
ttp://www.marketwatch.com/story/in-rebuke-to-trump-ge-chief-says-climate-change-is-real-2017-03-30
In rebuke to Trump, GE chief says '*climate change*is real'
<http://www.marketwatch.com/story/in-rebuke-to-trump-ge-chief-says-climate-change-is-real-2017-03-30>
MarketWatch -3 hours ago
In a blog post to employees Wednesday, Immelt highlighted the
administration's move and said*climate change*"should be addressed on a
global basis through multi-national agreements" such as the 2015 Paris
Agreement.
http://www.catholic.org/news/green/story.php?id=74279
How algae in the Arctic provides new proof*global warming*is real
<http://www.catholic.org/news/green/story.php?id=74279>
Catholic Online -8 minutes ago
There's new evidence the Arctic is*warming*, more difficult to dismiss.
Since 2011, algae has appeared in the Arctic, brought to life by the
thinning ice which allows more sunlight than ever before.
https://www.nytimes.com/2017/03/28/opinion/president-trump-risks-the-planet.html?_r=0
*(NYTimes EDITORIAL BOARD) President Trump Risks the Planet
<https://www.nytimes.com/2017/03/28/opinion/president-trump-risks-the-planet.html?_r=0>*
That didn't take long.
Only 10 weeks into his presidency, and at great risk to future
generations, Donald Trump has ordered the demolition of most of
President Barack Obama's policies to combat climate change by
reducing emissions from fossil fuels...
The assault began with Mr. Trump's pledge in Detroit to roll back
fuel efficiency standards for cars and trucks, continued with a
stingy budget plan that would end funding for climate-related
scientific programs and reached an unhappy apex Tuesday with an
executive order that, among things, would rescind the centerpiece of
Mr. Obama's clean power strategy, a rule that would shut down
hundreds of old coal-fired power plants and freeze the construction
of new ones...
None of this was unexpected from a man who has described climate
change as a hoax invented by the Chinese to destroy American
industry and who has surrounded himself with cabinet officers and
assistants who know or care little about the issue of global warming
and its consequences — and who, in many cases, owe their political
success to the largess of the oil, gas and coal companies...
This raises two very real dangers. Either other big countries also
pull out of the agreement. Or they decide to seize the initiative on
clean energy sources, which would be good for the climate but bad
for American industry....
Are there ways to avert this madness? Yes. Mr. Trump's orders will
not take effect right away. The E.P.A. will need a year or longer to
develop a replacement for the Clean Power Plan. Progressive states
like California and New York will almost surely proceed with their
own initiatives to reduce greenhouse gases. And then there is public
opinion. It punished the Republicans severely in 1994 when Newt
Gingrich and his allies tried to roll back environmental laws. It
punished them again in 2008 after eight years of denialism and
prevarication on climate change under George W. Bush and his fossil
fuel acolyte, Dick Cheney. There is time enough before Mr. Trump's
ignorance translates into actual policy for the public to make its
opposition to this anti-science agenda felt again.
http://news.morningstar.com/articlenet/article.aspx?id=800394
It's Time for Asset Managers to Step Up on*Climate Change*
<http://news.morningstar.com/articlenet/article.aspx?id=800394>
Morningstar.com -5 hours ago
BlackRock and SSGA have made climate change a priority for company
engagement.
...one of the world's greatest investors, GMO co-founder Jeremy
Grantham, in a livestream for the Morningstar Institutional
Conference in Amsterdam. Grantham didn't want to talk about the
things that made him a famous investor, like asset bubbles and
reversion to the mean. He wanted to talk about climate change.
We're in the race of our lives, Grantham, 78, told me, if we're
going to deal adequately with the consequences of man-made global
warming: rising sea levels, drought, flooding, and other extreme
weather events, resulting in food and water shortages, all set
against the backdrop of world population growth and increased income
inequality, resulting in huge financial costs and the
destabilization of political and economic systems.
If the global financial system itself isn't sustainable over the
long run, neither will be their investments.
How do they do this? By explicitly considering climate change risks
and opportunities in their investment processes. I'm not talking
only about the relatively small number of investment strategies
focused on delivering some type of sustainable-impact outcome for
investors--I'm talking about asset managers incorporating climate
change into their firmwide approach to investing.
That includes, importantly, company engagement. Asset managers are
owners of the companies they hold in their portfolios. As
shareholders, and on behalf of their own fund investors and private
clients, asset managers have a seat at the table to directly engage
with companies on climate issues
I'm not talking only about the relatively small number of investment
strategies focused on delivering some type of sustainable-impact
outcome for investors--I'm talking about asset managers
incorporating*climate change*into their firmwide approach to ...
I agree with Jeremy Grantham. We're in the race of our lives with
climate change. It's made all the worse having a president who calls
climate change a hoax and who, with his recent executive orders, is
actively undermining the ability of the U.S. to reach its
carbon-reduction targets based on the Paris agreement, while also
forbidding federal agencies, including the U.S. military, from doing
the very thing many asset managers are asking companies to do:
prudently assess the risks posed to their mission by climate change.
As responsible stewards of investor capital, it's time for our
leading asset managers to speak up loud and clear, not only behind
closed doors in corporate boardrooms, but in the public sphere as well.
BlackRock's engagement priorities statement
<https://www.blackrock.com/corporate/en-us/about-us/investment-stewardship/engagement-priorities>:
https://www.blackrock.com/corporate/en-us/about-us/investment-stewardship/engagement-priorities
*Our engagement priorities for 2017-2018 Disclosure of climate risks
<https://www.blackrock.com/corporate/en-us/about-us/investment-stewardship/engagement-priorities#climate-risk>*
Key points: These are our Investment Stewardship priorities for the
next year, which should help companies prepare for engaging with us.
Consistent disclosure of standards would enhance understanding of the
impact of climate change on individual companies, sectors and investment
strategies.
Disclosure of Climate Risk
> TheBlackRock Investment Institute
> <https://www.blackrock.com/corporate/en-us/insights/blackrock-investment-institute> has
> published two papers –"The Price of Climate Change – Global Warming's
> Impact on Portfolios"
> <https://www.blackrock.com/corporate/en-us/literature/whitepaper/bii-pricing-climate-risk-us.pdf>and"Adapting
> Portfolios to Climate Change"
> <https://www.blackrock.com/corporate/en-us/literature/whitepaper/bii-climate-change-2016-us.pdf>–
> on climate change as an investment consideration, to which the
> Investment Stewardship team contributed. That work enhanced our
> understanding of the complexity companies and investors face in
> relation to climate change and has informedour engagement with
> companies
> <https://www.blackrock.com/corporate/en-us/about-us/investment-stewardship/voting-guidelines-reports-position-papers> on
> theanticipated impact of climate change on their business models and
> operations over time
> <https://www.blackrock.com/corporate/en-us/literature/market-commentary/how-blackrock-investment-stewardship-engages-on-climate-risk-march2017.pdf>.
> We believe that enhanced, meaningful disclosures are an important step
> towards building understanding of the impact on individual companies,
> sectors and investment strategies. Given climate risk is an universal
> issue, we believe disclosure standards should be developed that are
> applicable to listed companies across each market and, ideally, that
> are globally consistent.
>
> To that end, BlackRock was represented on the 32 member, industry-led
> Financial Stability Board Task Force on Climate-related Financial
> Disclosures ("TCFD").... Over the course of the coming year, we will
> engage companies most exposed to climate risk to understand their
> views on the TCFD recommendations and to encourage them to consider
> using this reporting framework as it is finalized and subsequently
> evolves over time.
>
https://www.blackrock.com/corporate/en-us/literature/whitepaper/bii-pricing-climate-risk-us.pdf
https://www.blackrock.com/corporate/en-us/literature/whitepaper/bii-climate-change-2016-us.pdf
https://www.blackrock.com/corporate/en-us/literature/market-commentary/how-blackrock-investment-stewardship-engages-on-climate-risk-march2017.pdf
http://www.politico.com/story/2017/03/energy-department-climate-change-phrases-banned-236655
Energy Department climate office bans use of phrase '*climate
change*'
<http://www.politico.com/story/2017/03/energy-department-climate-change-phrases-banned-236655>
Politico -10 hours ago
A supervisor at the Energy Department's international climate office
told staff this week not to use the phrases "climate change,"
"emissions reduction" or "Paris Agreement" in written memos,
briefings or other written communication...
The Office of International Climate and Clean Energy is the only
office at DOE with the words 'climate' in its name, and it may be
endangered as Trump looks to reorganize government agencies.
A supervisor at the Energy Department's international climate office
told staff this week not to use the phrases "climate change,"
"emissions reduction" or "Paris Agreement" in written memos,
briefings or other written communication, sources have told POLITICO....
Employees of DOE's Office of International Climate and Clean Energy
learned of the ban at a meeting Tuesday, the same day President
Donald Trump signed an executive order at EPA headquarters to
reverse most of former President Barack Obama's climate regulatory
initiatives. Officials at the State Department and in other DOE
offices said they had not been given a banned words list, but they
had started avoiding climate-related terms in their memos and
briefings given the new administration's direction on climate change...
A DOE spokeswoman denied there had been a new directive. "No words
or phrases have been banned for this office or anyone in the
department," said DOE spokeswoman Lindsey Geisler....
Another DOE source in a different office said that although there
had been no formal instructions about climate-related language in
their office there was a general sense that it's better to avoid
certain hot-button terms in favor of words like "jobs" and
"infrastructure."
https://www.theguardian.com/environment/2017/mar/29/climate-change-companies-challenge-trump-mars-staples-gap
'*Climate change*is real': companies challenge Trump's reversal of
policy
<https://www.theguardian.com/environment/2017/mar/29/climate-change-companies-challenge-trump-mars-staples-gap>
The Guardian -11 hours ago
The centerpiece for this reduction was the clean power plan, billed in
2015 as the strongest action ever on*climate change*by a US president
but criticised by some for targeting coal-fired power plants, which
release more carbon and fine particulate*...*
http://www.americamagazine.org/faith/2017/03/29/father-james-martin-why-climate-change-moral-issue
Father James Martin: Why is*climate change*a moral issue?
<http://www.americamagazine.org/faith/2017/03/29/father-james-martin-why-climate-change-moral-issue>
America Magazine -13 hours ago
This is not simply because the rich often make economic decisions that
don't take the poor into account but because the poor have fewer
financial resources to help them adapt to*climate change*. They cannot
move, protect their houses or switch jobs as*...*
http://time.com/4719009/climate-change-mental-health/
The*Climate Change*Problem No One Talks About: Anxiety and
Depression <http://time.com/4719009/climate-change-mental-health/>
TIME -7 hours ago
"When you think about*climate change*, mental health might not be the
first thing that comes to mind," write Howard S. Kurtzman of the
American Psychological Association and Bob Perkowitz of ecoAmerica in a
letter accompanying the report.
https://www.washingtonpost.com/news/to-your-health/wp/2017/03/29/climate-change-can-take-a-toll-on-mental-health-new-report-says/
*Climate change*can take a toll on mental health, new report says
<https://www.washingtonpost.com/news/to-your-health/wp/2017/03/29/climate-change-can-take-a-toll-on-mental-health-new-report-says/>
Washington Post -11 hours ago
Climate change is not only harmful to our physical health — it can
be debilitating for our mental health as well, according to a report
published Wednesday.
<http://www.apa.org/news/press/releases/2017/03/mental-health-climate.pdf>
Severe weather events and natural disasters linked to climate change
have the most dramatic impact on mental health, according to the
report by the American Psychological Association and EcoAmerica:
Natural disasters cause intense negative emotions in people who are
exposed to them, primarily fear and grief. Anxiety, depression and
unhealthy behavior are also common responses. Some people,
particularly those who experience tragic events, such as the loss of
a loved one or repeated exposure to extreme weather, develop
post-traumatic stress disorder.
Displacement because of natural disasters can lead to a variety of
negative consequences, such as a loss of social support, strains on
personal relationships, absences from work and higher medical costs,
according to the report...
The weather people experience also influences their mental health,
the report says. Prolonged exposure to warmer weather makes people
more aggressive and diminishes cognitive functions, according to
earlier studies
<http://public.psych.iastate.edu/caa/abstracts/2000-2004/01A.pdf>.
https://insideclimatenews.org/news/30032017/exxonmobil-climate-change-research-ny-attorney-general-investigation
In Setback for Exxon, Texas Judge Kicks*Climate Change*Case to New
York
<https://insideclimatenews.org/news/30032017/exxonmobil-climate-change-research-ny-attorney-general-investigation>
InsideClimate News -7 hours ago
A federal judge handling ExxonMobil's dispute with the attorneys general
of New York and Massachusetts has transferred the case about*climate
change*from his court in Texas to one in New York. The decision marks a
setback for the Dallas-based oil giant*...*
https://www.youtube.com/watch?v=MhiDcrUxq5I
*(video) CNN Money Why climate change researchers are freaking out
<https://www.youtube.com/watch?v=MhiDcrUxq5I>*
Some transparency advocates fear public access to data might disappear.
http://www.youtube.com/watch?v=oF9z-QkeO-E
http://www.youtube.com/watch?v=YBf75v2k3EE
*This Day in Climate History March 31, 2009
<http://www.youtube.com/watch?v=YBf75v2k3EE> - *from D.R. Tucker and
Ross Gelbspan
*MSNBC's Keith Olbermann rips denialist Rep. John Shimkus (R-IL):*
"But our winner, Congressman John Shimkus, Republican of Illinois,
with two fascinating and utterly contradictory statements. A,
Congressman Shimkus on why there isn‘t global warming. 'Today we
have about 388 parts per million of Carbon Dioxide in the
atmosphere. I think in the age of the dinosaurs, when we had most
flora and fauna, we were probably at 4,000 parts per million.
There‘s a theological debate that this is a carbon-starved planet,
not too much carbon.'
"Number one, Carbon and Carbon Dioxide are not the same thing.
Number two, the only theological debate over how much carbon the
plan needs would be taking place in the church of the Labrea Tar
Pits. Number three, didn‘t the freaking dinosaurs go extinct? Or
do they just have a bad public relations person?
"But I‘m digressing. B, Congressman Shimkus on why it doesn‘t
matter anyway. 'The Earth will end only when God declares it‘s time
to be over. A man will not destroy this Earth. This Earth will not
be destroyed by a flood. I appreciate having panelists here who are
men of faith, and we can get into the theological discourse of that
position. But I do believe that God‘s word is infallible,
unchanging, perfect.'
"So a man pressing a button to start a nuclear war, that would be
God‘s infallible word? Why do we bother trying to govern? Can‘t he
do something about the budget deficit? By the way, as you hit me
over the head with your Bible, Congressman, there ain‘t a word in it
about those dinosaurs you mentioned earlier.
"Congressman John Shimkus of Illinois, today‘s worst person in the
world!"
http://www.youtube.com/watch?v=YBf75v2k3EE
*MSNBC's Rachel Maddow also mocks Shimkus during her "GOP in Exile"
segment:*
"While the Republican Party continues its search for mean in the
minority, one Republican congressman, John Shimkus of Illinois,
maybe should stop searching. Just sit down, Congressman and take a
breather, honestly. Check this out:
"REP. JOHN SHIMKUS (R-IL): Today, we have about 388 parts per
million in the atmosphere. I think in the age of dinosaurs, where
we had more flora and fauna, we were probably at 4,000 parts per
million. There is a theological debate that this is a carbon
starved planet, not too much carbon.
"MADDOW: In other words, we shouldn‘t bother trying to reduce the
amount of carbon dioxide in our atmosphere because the dinosaurs did
just fine with the tons of carbon that God gave them for their
atmosphere. Also, the dodo bird ate plenty of cholesterol. And the
saber tooth tiger never, ever flossed. Stop worrying, people."
http://www.youtube.com/watch?v=oF9z-QkeO-E
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