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<font size="+2"><i><b>January 4, 2023</b></i></font><br>
<p><i>[</i> <i>After nearly 4 decades, 60-Minutes discovers global
warming ]</i><br>
<b>Scientists say planet in midst of sixth mass extinction,
Earth's wildlife running out of places to live</b><br>
60-minutes<br>
BY SCOTT PELLEY<br>
JANUARY 1, 2023<br>
- -<br>
Scott Pelley: Is it too much to say that we're killing the planet?<br>
<br>
Liz Hadly: No. <br>
<br>
Tony Barnosky: I would say it is too much to say that we're
killing the planet, because the planet's gonna be fine. What we're
doing is we're killing our way of life. <br>
<br>
The worst of the killing is in Latin America where the World
Wildlife Fund study says the abundance of wildlife has fallen 94%
since 1970. But it was also in Latin America that we found the
possibility of hope. <br>
<br>
Mexican ecologist Gerardo Ceballos is one of the world's leading
scientists on extinction. He told us the only solution is to save
the one third of the Earth that remains wild. To prove it, he's
running a 3,000-square-mile experiment. In the Calakmul Biosphere
Reserve near Guatemala, he is paying family farmers to stop
cutting the forest...<br>
- -<br>
Scott Pelley: So what would the world have to do?<br>
<br>
Gerardo Ceballos: What we will have to do is to really understand
that the climate change and the species extinction is a threat to
humanity. And then put all the machinery of society: political,
economic, and social, towards finding solutions to the problems.<br>
<br>
Finding solutions to the problems was the goal, two weeks ago, at
the U.N. Biodiversity Conference, where nations agreed to
conservation targets. But at the same meeting in 2010, those
nations agreed to limit the destruction of the Earth by 2020—and
not one of those goals was met. This, despite thousands of studies
including the continuing research of Stanford biologist Paul
Ehrlich.<br>
<br>
Scott Pelley: You know that there is no political will to do any
of the things that you're recommending.<br>
<br>
Paul Ehrlich: I know there's no political will to do any of the
things that I'm concerned with, which is exactly why I and the
vast majority of my colleagues think we've had it; that the next
few decades will be the end of the kind of civilization we're used
to. <br>
<br>
In the 50 years since Ehrlich's population bomb, humanity's
feasting on resources has tripled. We're already consuming 175% of
what the Earth can regenerate. And, consider, half of humanity,
about four billion, live on less than $10 a day. They aspire to
cars, air conditioning and a rich diet. But they won't be fed by
the fishermen of Washington's Salish Sea, including Armando
Brionez...<br>
- -<br>
Scott Pelley: why do you feel so emotionally attached to this?<br>
<br>
Armando Brionez: It's everything we know. I'm fortunate enough to
know where I know a lot of different things. I've done a lotta
different things in my life. I've gotten good at evolving and
changing. But not everybody here is built like that. To some of us
this is what they know, this is all they know.<br>
<br>
The five mass extinctions of the ancient past were caused by
natural calamities—volcanoes, and an asteroid. Today, if the
science is right, humanity may have to survive a sixth mass
extinction in a world of its own making.<br>
<a class="moz-txt-link-freetext" href="https://www.cbsnews.com/news/earth-mass-extinction-60-minutes-2023-01-01/">https://www.cbsnews.com/news/earth-mass-extinction-60-minutes-2023-01-01/</a><br>
</p>
<p><br>
</p>
<p><br>
</p>
<i>[ Political attacks on global warming politics may backfire as
climate destabilizations continue ]</i><br>
<b>Republicans Are Primed to Take on ‘Woke Capitalism’ in 2023, with
Climate Disclosure Rules for Corporations in Their Sights</b><br>
Conservative politicians argue that environmental, social and
governance principles—known as "ESG"—are diverting asset managers
from their duties to investors, and may even amount to illegal
collusion.<br>
By Marianne Lavelle<br>
January 3, 2023<br>
It has only been a decade since climate activists launched campaigns
to get financial institutions and money managers to see that dollars
pumped into the fossil fuel industry were a risk to both the planet
and investor portfolios.<br>
<br>
That effort has had some success but remains a work in progress. All
of Wall Street now talks about environmental, social and governance
(ESG) principles in investing, and that’s a problem. Claims of a
commitment to that philosophy are ubiquitous among corporations and
investment funds, and investors are left to figure out which
declarations amount to mere greenwashing. Only within the last year
have government watchdogs moved to set standards on what companies
must disclose about climate risks.<br>
<br>
Before those rules are set, Republicans have decided the time is
right for an anti-ESG backlash. In 2023, they are preparing on
multiple fronts to take on Wall Street, corporate America and U.S.
financial regulators for, in their view, paying too much attention
to environmental concerns and not enough to making money.<br>
<br>
It’s “woke capitalism,” in the words of Florida Gov. Ron DeSantis,
widely seen as a possible challenger to former President Donald
Trump for leadership of the Republican Party. DeSantis’
administration announced last month that it was pulling out all
Florida State Treasury funds—some $2 billion—that were invested with
BlackRock, the Wall Street firm that has become most closely
associated with ESG.<br>
“We are reasserting the authority of republican governance over
corporate dominance and we are prioritizing the financial security
of the people of Florida over whimsical notions of a utopian
tomorrow,” DeSantis said when he began his anti-ESG campaign last
August. And Republicans are preparing to make much more noise about
ESG, using the new platforms that they gained in the 2022 midterm
elections:<br>
<br>
With Republicans in control of the House of Representatives, the
congressman expected to head the Committee on Financial Services,
Rep. Patrick McHenry of North Carolina, plans close oversight of the
Securities and Exchange Commission (SEC) and its proposed
climate-risk disclosure rules, which he sees as part of a “far-left
social agenda.”<br>
Red-state attorneys general have signaled their readiness to go to
court to challenge both the SEC and corporate and Wall Street ESG
policies. Notably, they suggested in a letter to BlackRock last year
that its activities with net-zero emissions groups raised antitrust
concerns.<br>
The American Legislative Exchange Council, or ALEC, an association
of state legislators that gets most of its funding from corporate
sources and right-leaning foundations, is pushing for laws barring
state pension funds from considering social and environmental
factors in their investment decisions. <br>
Republicans may not be able to turn back the ESG movement, which has
taken such a firm hold that 90 percent of companies say they either
have or are developing a formal strategy to manage corporate
environmental, social and governance practices, according to the
mutual fund research firm Morningstar. But the politicization of ESG
could make it something like school textbooks, mask-wearing and
Covid vaccines. Where investors stand on the nation’s political
divide—and to a large extent, what state they live in—could
determine whether their savings are exposed to the risks of climate
change or the opportunities of the clean energy transition.<br>
<br>
“This is clearly kind of a bizarre effort to open up a new front in
the culture wars, and it’s really at odds with how the market works
and the fundamentals of capitalism,” said Gregory Wetstone,
president and CEO of the American Council on Renewable Energy.
“They’re sacrificing other people’s financial well-being for their
political agenda.”<br>
<br>
It’s not surprising that ESG caught the attention of politicians,
since sustainable investing has clearly moved from a niche market
into the mainstream. The year 2021 was a watershed, with flows into
ESG-focused mutual funds and exchange-traded funds rising 53 percent
to $2.7 trillion, according to Morningstar. The trend slowed
dramatically in 2022 with the market downturn, but Morningstar’s
tracking showed that by the third quarter ESG funds were rebounding
far more quickly than the rest of the funds market. <br>
<br>
Bloomberg Intelligence projects that, even accounting for the recent
slowdown, ESG assets under management will grow to $50 trillion by
2025 and account for one-third of all assets under management.<br>
<br>
But clouding the future for ESG—and undermining its effectiveness as
a driver in the clean energy transition—are unsupportable green
claims by both companies and investment funds. Some companies and
asset managers have faced enforcement actions in egregious cases of
false statements to investors. Even more difficult for
climate-conscious investors to navigate are the different
definitions of ESG. BlackRock has become the favorite target of
anti-ESG Republicans, but some environmentalists have not been happy
with the asset management company’s approach, either. Some BlackRock
energy transition funds can invest in fossil fuel companies, and the
firm’s chairman and CEO, Laurence Fink, favors engagement within
fossil fuel companies rather than divestment.<br>
<br>
<b>A Demand for Truth About Emissions Compliance</b><br>
More than 70 percent of institutional investors believe there is a
need for standardization and stronger ESG disclosure and regulatory
requirements, according to a recent PriceWaterhouseCoopers survey.
But the first proposed climate risk disclosure regulations for
publicly traded companies in the United States, now pending before
the SEC, will be one of the key targets for Republicans as they take
control of the House of Representatives.<br>
<br>
McHenry, who is expected to replace Rep. Maxine Waters (D-Calif.) as
chair of the Financial Services committee, has been a vocal critic
of the SEC proposal, which would seek to establish “consistent,
comparable, and reliable” reporting of greenhouse gas emissions.
Companies would also have to provide information to investors on how
climate-related risks are likely to shape their strategies and
business outlook. <br>
<br>
Although McHenry has said he sees climate change as a real threat to
communities, he does not think it is the SEC’s role to make climate
policy. “The SEC should focus on its core mission—protecting
investors; maintaining fair, orderly, and efficient markets; and
facilitating capital formation,” he said.<br>
<br>
Through hearings and subpoenas, Republicans will be able to pressure
regulators and investment firms as well as showcase the narrative
that ESG has harmed small investors. But because Democrats retain
control of the Senate, the GOP will not have the power in Congress
to derail the SEC’s plan to impose standards on climate risk
disclosure.<br>
<br>
That job may fall to Republican state attorneys general, who are
poised to take the SEC to court once the rules are finalized. West
Virginia Attorney General Patrick Morrisey, who won a Supreme Court
ruling last year curbing the Environmental Protection Agency’s power
to regulate greenhouse gas emissions, has said that the same legal
principles should limit SEC climate action.<br>
Attorneys general also are zeroing in on what they say are the
antitrust concerns raised by investment firms participating in
coalitions like the Net Zero Asset Managers, a group formed in 2020
to support the global drive to reduce carbon emissions to zero by
2050. They argue that such efforts are preventing certain
industries—primarily coal—from obtaining financing.<br>
<br>
“If you have collusion between a large portion of the financial
sector such that financing is only available to certain preferred
industries, or if there’s proxy voting moving in a direction that’s
functionally regulation, that is people with money deciding how the
world is going to look,” said Tennessee’s attorney general, Jonathan
Skrmetti, at an ESG forum hosted last month by the National
Association of Attorneys General. “And that’s oligarchy.”<br>
<br>
Just by raising the antitrust issue, the GOP AGs may have had an
impact. Last month, the world’s biggest mutual fund manager,
Vanguard, said it would leave the Net Zero coalition in order “to
make clear that Vanguard speaks independently on matters of
importance to our investors.” The move came days after Republican
attorneys general filed an unusual challenge to Vanguard’s
application before U.S. regulators to expand its holdings in
utilities.<br>
<br>
In addition to Florida, five other Republican-led states have pulled
state Treasury funds out of BlackRock over ESG concerns. For
BlackRock, it’s an insignificant $3 billion drop from its $7.9
trillion bucket of assets under management. But such moves could
spread, especially with the ALEC-led campaign to change state laws
to bar state pension funds from considering ESG factors in
investing. <br>
<br>
“I would say at least 25 state legislatures, maybe more, are going
to consider votes on ESG bills in 2023,” said Kris Kobach, the
Republican attorney general-elect of Kansas at the attorneys general
forum last month. “This is probably one of the hottest topics in
state legislatures right now.”<br>
<br>
It’s not clear that the Republican politicians’ anti-ESG drive
resonates with GOP voters. A recent survey of more than 1,200 voters
by Penn State’s Center for the Business of Sustainability and the
communications firm ROKK Solutions found that a majority of both
Republicans and Democrats oppose restrictions on ESG investments.
That’s not surprising, since sustainability initiatives at
corporations are correlated with better financial performance,
according to a review of more than 1,000 studies on the subject by
researchers at New York University’s Stern Center for Sustainable
Business. <br>
<br>
But the anti-ESG moves now underway could mean less information for
investors on what companies are really doing on the climate front,
and less access to ESG options for pensioners in some states.<br>
<br>
“What’s going on in the political arena is not just disappointing,
it’s sad and it’s disruptive,” said Kristina Wyatt, senior vice
president for global regulatory climate disclosure at the climate
data firm Persefoni. She served as senior counsel for climate and
ESG at the SEC in the first year of the Biden administration and
worked on the agency’s climate risk disclosure proposal.<br>
<br>
“There’s so much urgency to the climate crisis,” Wyatt said. “And
investors deserve to have climate risks and opportunities associated
with climate change properly factored into the investment decisions
that are being made on their behalf.”<br>
<br>
Marianne Lavelle Reporter, Washington, D.C.<br>
<a class="moz-txt-link-freetext" href="https://insideclimatenews.org/news/03012023/republicans-disclosure-rules-esg/">https://insideclimatenews.org/news/03012023/republicans-disclosure-rules-esg/</a><br>
<p><br>
</p>
<p><br>
</p>
<i>[ from Reuters, reports on a World predicament ] </i><br>
<b>Exclusive: World Bank seeks more funds to address climate change,
other crises -document</b><br>
By David Lawder<br>
January 3, 20231<br>
WASHINGTON, Jan 2 (Reuters) - The World Bank is seeking to vastly
expand its lending capacity to address climate change and other
global crises and will negotiate with shareholders ahead of April
meetings on proposals that include a capital increase and new
lending tools, according to an "evolution roadmap" seen by Reuters
on Monday.<br>
<br>
The roadmap document - sent to shareholder governments - marks the
start of a negotiation process to alter the bank's mission and
financial resources and shift it away from a country- and
project-specific lending model used since its creation at the end of
World War Two...<br>
- -<br>
A World Bank spokesman said that the document aimed to provide
details on the scope, approach, and timetable for the evolution,
with regular updates for shareholders and decisions later in the
year...<br>
- -<br>
But environmental campaign group Friends of the Earth said the
proposal did not go far enough and World Bank shareholders needed to
ensure the lender was not "part of the problem".<br>
<br>
"A true evolutionary roadmap must commit to ending financing for
fossil fuels, industrial animal agriculture, petrochemical
infrastructure, corporate-friendly false solutions, and harmful
activities in biodiverse areas," Luisa Abbott Galvao, Senior
International Policy Campaigner for Friends of the Earth, said in an
emailed statement.<br>
<br>
The World Bank also said that the evolution of its mission to
increase climate lending while maintaining good development outcomes
will require additional staff and budget resources, which have
declined 3% in real terms over the past 15 years.<br>
<a class="moz-txt-link-freetext" href="https://www.reuters.com/business/sustainable-business/world-bank-seeks-more-funds-address-climate-change-other-crises-document-2023-01-03/">https://www.reuters.com/business/sustainable-business/world-bank-seeks-more-funds-address-climate-change-other-crises-document-2023-01-03/</a><i><br>
</i>
<p><br>
</p>
<p><br>
</p>
<i>[ Maybe call it the "Anthro-sarcopha-oscene" - the age when human
impact on all soils, rocks, waters and atmosphere are monumental
evidence of our human overshoot ]</i><br>
<b>‘There’s been a fundamental change in our planet’: hunt on for
spot to mark the start of the Anthropocene epoch</b><br>
Scientists are to pick a location that sums up the current epoch
when Homo sapiens made its mark<br>
Robin McKie Science editor<br>
Sun 1 Jan 2023<br>
In a few weeks, geologists will select a site that demonstrates most
vividly how humans have changed the structure of our planet’s
surface. They will choose a place they believe best illustrates when
a new epoch – which they have dubbed the Anthropocene – was born and
its predecessor, the Holocene, came to an end.<br>
<br>
The Holocene began at the conclusion of the last ice age 11,700
years ago as the great glaciers that had previously covered the
Earth began to retreat. In their wake, modern humans spread
inexorably across the planet.<br>
<br>
Homo sapiens flowered during the Holocene but our expansion had
geological consequences. The minerals we mined, the gases we
released by burning fossil fuels and the radioactive material we
have produced have begun to make fundamental changes to Earth’s
geology...<br>
- -<br>
“If you look at some measures of the Anthropocene – such as
aluminium – you see steady growth in amounts over the past century,”
said Professor Colin Waters of the University of Leicester. “But
until the end of the second world war, there was no plutonium in the
ground. Then, abruptly, there was lots of it. That makes it a very
good marker for the beginning of the Anthropocene and suggests a
date in the early 1950s for its birth.”<br>
<br>
Another clear signal that indicates we have entered a new geological
epoch is provided by the species we have helped spread round the
globe, homogenising Earth’s biology in the process. Examples include
the Pacific oyster and the zebra mussel, the latter having spread
from Eurasia via ballast water discharged by large ships, displacing
native shellfish over much of the planet, including North America.<br>
<br>
“Another indicator is provided by plastics which became widespread
in use in the 1950s – which most of us point to as the dawn of the
Anthropocene,” added Waters. “The main thing we now have to decide
is which of the sites we have shortlisted provides the clearest
signal among the measures we have selected – plutonium, aluminium,
plastics, and other variables – that demonstrate a fundamental epoch
change.”<br>
<br>
This point was backed by Zalasiewicz. “In the distant future, tens
of millions of years from now, advanced species will still be able
to detect how we changed the Earth. We need to realise that now.<br>
<br>
“All our buildings and roads will have crumbled to dust long before
then but the subtle changes that we made to sediments will persist,
and show that a global civilisation once dominated this planet with
lasting effects.”<br>
<a class="moz-txt-link-freetext" href="https://www.theguardian.com/science/2023/jan/01/theres-been-a-fundamental-change-in-our-planet-hunt-on-for-spot-to-mark-the-start-of-the-anthropocene-epoch">https://www.theguardian.com/science/2023/jan/01/theres-been-a-fundamental-change-in-our-planet-hunt-on-for-spot-to-mark-the-start-of-the-anthropocene-epoch</a>
<br>
<br>
<br>
<i>[The news archive - looking back when we began to notice the
extent of our predicament ]</i><br>
<font size="+2"><i><b>January 4, 1996</b></i></font> <br>
January 4, 1996: The New York Times reports:<br>
<blockquote>"The earth's average surface temperature climbed to a
record high last year, according to preliminary figures,
bolstering scientists' sense that the burning of fossil fuels is
warming the climate.<br>
<br>
"Spells of cold, snow and ice like the ones this winter in the
northeastern United States come and go in one region or another,
as do periods of unusual warmth. But the net result globally made
1995 the warmest year since records first were kept in 1856, says
a provisional report issued by the British Meteorological Office
and the University of East Anglia.<br>
<br>
"The average temperature was 58.72 degrees Fahrenheit, according
to the British data, seven-hundredths of a degree higher than the
previous record, established in 1990.<br>
<br>
"The British figures, based on land and sea measurements around
the world, are one of two sets of long-term data by which surface
temperature trends are being tracked.<br>
<br>
"The other, maintained by the NASA Goddard Institute for Space
Studies in New York, shows the average 1995 temperature at 59.7
degrees, slightly ahead of 1990 as the warmest year since
record-keeping began in 1866. But the difference is within the
margin of sampling error, and the two years essentially finished
neck and neck.<br>
<br>
"The preliminary Goddard figures differ from the British ones
because they are based on a somewhat different combination of
observations around the world.<br>
<br>
"One year does not a trend make, but the British figures show the
years 1991 through 1995 to be warmer than any similar five-year
period, including the two half-decades of the 1980's, the warmest
decade on record.<br>
<br>
"This is so even though a sun-reflecting haze cast aloft by the
1991 eruption of Mount Pinatubo in the Philippines cooled the
earth substantially for about two years. Despite the post-Pinatubo
cooling, the Goddard data show the early 1990's to have been
nearly as warm as the late 1980's, which Goddard says was the
warmest half-decade on record.<br>
<br>
"Dr. James E. Hansen, the director of the Goddard center,
predicted last year that a new global record would be reached
before 2000, and yesterday he said he now expected that 'we will
still get at least a couple more' by then.<br>
<br>
"Dr. Hansen has been one of only a few scientists to maintain
steadfastly that a century-long global warming trend is being
caused mostly by human influence, a belief he reiterated
yesterday."<br>
</blockquote>
<a class="moz-txt-link-freetext"
href="http://www.nytimes.com/1996/01/04/world/95-is-hottest-year-on-record-as-the-global-trend-resumes.html?pagewanted=print">http://www.nytimes.com/1996/01/04/world/95-is-hottest-year-on-record-as-the-global-trend-resumes.html?pagewanted=print</a><br>
<br>
<br>
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