Dedicated to the balanced discussion of global warming
BusinessWeek – October 29, 2007
BusinessWeek must be one of the most venerable periodicals in the business community. Few magazines can acclaim to the level and depth of business discussion. Most CEOs and business leaders read or at least skim the magazine on a regular basis.
As their cover story, BW decided to cover the idea that "going green" was a good thing for business. I have discussed this issue before and it was good to get BW’s opinion and coverage on the story. Their perspective is quite interesting.READ MORE
Investor’s Business Daily – September 24, 2007
This article is a commentary, so obviously we need to take all of the accusations with a bit of a grain of salt. While it did appear in a major daily newspaper, it doesn’t have to withstand the same levels of care that a news article needs.
The article covers George Soros, the wealthy benefactor to many political causes. The reason that I am writing about it is due to one of its claims: James Hansen received money from a Soros group. James Hansen, as you may remember, works for NASA and is one of the primary influencers in the discussion of global warming. His works and speeches are cited throughout the web and if you do a search in the Search box on this site, you will see him referenced often.READ MORE
BloggingStocks.com – September 18, 2007
BloggingStocks.com discusses the recent Washington Post article that cites efforts by some environmental groups and investors to force companies to disclose the impact of climate change to their company. This is an interesting discussion but it begs the broader discussion regarding how much a company should discuss on hypothetical or future issues that may affect its health.
The Washington Post reports that pension fund managers representing $1 trillion have petitioned the Securities and Exchange Commission (SEC) to required public companies to disclose the impact of global warming on their business prospects. If the SEC agrees, the change could threaten investors in utility stocks — which are among the biggest private sources of carbon dioxide emissions that cause global warming.
This is a great overview article if you want to learn more about carbon trading and how it works. As frequent readers know, I am not a big proponent of these schemes because I think they are ripe for abuse and many of the “improvements” are just part of the standard process for constant economic savings. Also, as fuel prices rise, improvements become much more necessary.
It does seem likely though that some type of system is going to be implemented in the US and in other countries. So we should all learn more about these systems, their weaknesses and their strengths.READ MORE