In a January 27 vote – split three-to-two along party lines – SEC Commissioners approved interpretive guidance on rules requiring companies to disclose potential impacts of climate change on their bottom lines. The move was prompted by a petition filed in September 2007 by Environmental Defense Fund – Finding the Ways That Work and Ceres. The petition was backed by institutional investors with $1.5 trillion in assets, including treasurers from California, Florida, and New York, among others.
This week’s NewsAnalysis from the Sea Change Radio Headlines Anchor, Tania Haldar Hart:
So, what’s the connection between investing and genocide in the first place?? I’m no expert on the ethics of investing but I was intrigued by recent news that TIAA-CREF, the huge retirement fund for teachers and academics, divested its holdings in companies considered complicit with genocide. Following up on its March 2009 commitment, TIAA-CREF sold all of its holdings in four Asian state-owned oil companies. Its research showed continued complicity in Sudanese genocide at PetroChina, CNPC Hong Kong, Oil and Natural Gas Corporation and Sinopec. Financial analysis also showed that divestment would have an insignificant impact on the performance of retirees’ portfolios. Continue reading
When Sea Change Radio Executive Producer Bill Baue logged onto his computer Thursday morning, Skype immediately rang with a call from Don Carli, Senior Fellow of the Institute for Sustainable Communication, in Copenhagen for the UN Climate Conference (COP15). Don’s passion is to raise awareness about the carbon embedded in the entire lifecycle of every communication act – for example, the energy and emissions to power your computer to read and listen to this dispatch. He urges everyone, especially companies, to walk our talk, and reduce our emissions in how we communicate.
On Friday, at the UN Climate Conference (COP15) in Copenhagen, Deputy Chair of the Alliance of Small Island States (AOSIS) Crispin S. Gregoire from Dominica announced the release of draft amendments to the Kyoto Protocol. The draft, which advances the Tuvalu Proposal, seeks to stimulate negotiation toward adoption of a complimentary treaty to replace the Kyoto Protocol when it expires in 2012. The amendments re-allocate responsibilities for addressing climate change to match their contributions to the crisis. Continue reading
From the floor of the UN Climate Conference deliberations in Copenhagen, Sea Change Radio Climate Correspondent Cimbria Badenhausen recorded this heated exchange between COP15 President Connie Hedegaard of Denmark and Tuvalu Delegate Ian Fry over whether to immediately consider the Tuvalu Proposal to amend the Kyoto Protocol. Give it a listen.
The Guardian leak of the so-called “Danish text” threw the UN Climate Conference (COP15) into “disarray,” with developing countries “furious” at developed countries such as the US, UK, and Denmark for secretly drafting a framework agreement dated November 27. Among other affronts, the draft document would allow developed countries to emit almost twice as much carbon per person (2.67 tonnes) than developing countries (1.44 tonnes). Sudan’s Lumumba Stanislas Dia Ping, head of the G77 group of developing countries, said the Danish text is a “serious violation that threatens the success of the Copenhagen negotiating process. Continue reading
The US Chamber of Commerce’s controversial position on climate legislation highlights the key role such business intermediaries (or BINGOs in UN-speak – Business and Industry NGOs) play in devising climate policy. Other BINGOs, such as the International Chamber of Commerce (ICC) Commission on Environment and Energy, focus on how business and industry can help solve the climate crisis. Continue reading
Over the next two weeks, Sea Change Radio Climate Correspondent Cimbria Badenhausen will file updates from the UN Climate Conference (COP15) in Copenhagen, some of which will also appear on CSRwire. Just before COP15 commenced, Badenhausen chatted with Karl-Erik Grevendahl, Advisor for Sustainable Business Development at the Chamber of Commerce and Industry of Southern Sweden. The two talked about Copenhagen’s “twin” city, Malmo, Sweden, and also about the notion of a “Triple Helix” entwining government, academia, and business in climate solutions. Listen to excerpts from the conversation, and read the brief below or on the CSRLive Commentary section of CSRwire.
This week’s Sea Change Radio News Analysis comes from Tania Haldar Hart:
Last week’s Sea Change News Analysis covered the White House announcement of the President’s visit to the Copenhagen Climate Conference, where he will officially unveil US carbon reduction goals. Today, we focus on the story behind the emissions reductions data. The White House press release claimed a target of 17 percent reductions by 2020, and 83 percent reductions by 2050. Continue reading
On Thursday, November 19, 2009 at the Carnegie Council in New York City, Sea Change Media’s Bill Baue and Marcy Murninghan presented the preliminary findings of their research fellowship on Web 2.0 and Corporate Accountability for the Harvard Kennedy School Corporate Social Responsibility Initiative. Continue reading