Global warming is here, human-caused and probably already dangerous — and it’s increasingly likely that the heating trend could be irreversible, a draft of a new international science report said.
The United Nations’ Intergovernmental Panel on Climate Change on Monday sent governments a final draft of its synthesis report, which combines three earlier, gigantic documents by the Nobel Prize-winning group. There is little in the report that wasn’t in the other more-detailed versions, but the language is starker and the report attempts to connect the different scientific disciplines studying problems caused by the burning of fossil fuels, such as coal, oil and gas.
The 127-page draft, obtained by the Associated Press, paints a harsh warning of what’s causing global warming and what it will do to humans and the environment. It also describes what can be done about it.
“Continued emission of greenhouse gases will cause further warming and long-lasting changes in all components of the climate system, increasing the likelihood of severe, pervasive and irreversible impacts for people and ecosystems,” the report says. The final report will be issued after governments and scientists go over the draft line-by- line at an October conference in Copenhagen.
Depending on circumstances and values, “currently observed impacts might already be considered dangerous,” the report says. It mentions extreme weather and rising sea levels, such as heat waves, flooding and droughts.
The report says that if the world continues to spew greenhouse gases at its accelerating rate, it’s probable that temperatures by mid-century will increase by an additional 3.6 degrees F, compared with temperatures from 1986 to 2005. And by the end of the century, that scenario will bring temperatures tabout 6.7 degrees F warmer.
— Associated Press
● American Airlines and US Airways are pulling flight listings from Orbitz-run Web sites in a long-running dispute over fees that the travel company charges to list and sell the flights. Shares of Orbitz Worldwide fell nearly
5 percent, to $8.04. American said that it had already dropped its fares from Orbitz and that
US Airways listings would be pulled starting Monday. The change primarily affects
Orbitz.com and Cheaptickets.com. Corporate clients using the Orbitz for Business site to book travel are not affected, both companies said.
● A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group, over the insurer’s government bailout, clearing the way for a Sept. 29 trial. Judge Thomas Wheeler of the U.S. Court of Federal Claims said the case brought by Greenberg’s Starr International on behalf of itself and other AIG shareholders involves “complex financial and economic issues” that deserve analysis and testimony from qualified expert witnesses. “The complexity of the submissions and the factual disagreements strongly point to the need for a trial,” Wheeler wrote in an order dated Monday.
● Charles Schwab lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential trade secrets. The decision by a Financial Industry Regulatory Authority arbitration panel in San Francisco, dated Monday, ends a dispute that began in 2012. Schwab alleged that Morgan Stanley had maliciously organized an “actionable raid” of its West Portal Avenue branch in San Francisco, according to the ruling.
● Hewlett-Packard is recalling more than 6 million personal-computer power cords in the United States and Canada, citing reports of overheating and melting units. The cords, distributed with Hewlett-Packard and Compaq notebooks and related products, were sold from September 2010 to June 2012, the company based in Palo Alto, Calif., and the U.S. Consumer Product Safety Commission said. Affected cusatomers are eligible to receive a replacement for the LS-15 power cords.
— From news services
● Earnings: Tiffany.