Category: Economics

Matters of money

William James on war

“History is a bath of blood,” wrote William James, whose 1906 antiwar essay is arguably the best ever written on the subject. “Modern war is so expensive,” he continued, “that we feel trade to be a better avenue to plunder; but modern man inherits all the innate pugnacity and all the love of glory of his ancestors. Showing war’s irrationality and horror is of no effect on him. The horrors make the fascination. War is the strong life; it is life in extremis; war taxes are the only ones men never hesitate to pay, as the budgets of all nations show us.” (emphasis in original)

Wilson, E.O. The Social Conquest of Earth. (New York, Norton, 2012) (p.62 hardcover)

Toronto350.org bibliography party

One element of developing Toronto350.org has been learning how to do complex cooperative work using a devoted group of volunteers.

This afternoon, we are having a ‘bibliography party’ for our University of Toronto divestment brief.

We will be taking all the sources people have collected and putting them into biblatex format. It will then be easy to incorporate them into our LaTeX document and produce nicely formatted footnotes and a good bibliography.

Then it will just be a matter of finishing each section of the brief and sending it out to experts for comment. It will need to be run by some people who can comment on the science, others who can comment on the law, and others who are familiar with the U of T administration.

In the end, we should have an authoritative and meticulously cited document explaining why divestment makes ethical and financial sense, and why it is in keeping with the university’s existing divestment policy.

Replacing my second flash

Having been knocked over a few more times during the Winter Ball, my LumoPro LP120 flash is now definitively dead.

I very much need two flashes to do the kind of event photography I have been doing in recent years. I therefore need to decide how to replace it.

One option is to get a new LP160. It isn’t as powerful as my Canon 430EX flash, but it’s a lot cheaper (US$180 compared with about C$350 for a Canon Speedlite 430EX II). The LP flash also has the benefit of a built-in optical slave. The big downside is that the LP flashes are not especially tough.

Another option is to shell out $600 for a Canon 600EX. It would be significantly more powerful than my 430EX, and it would actually be able to drive the other Canon flash in a TTL mode, while sitting on my hotshoe.

If I got another flash without an optical slave, it would probably be a good idea to shell out another $300 for three PocketWizard Plus X transceivers. Then I will be able to reliably drive both flashes off-camera at considerable range.

Line 9 and the National Energy Board

If you want to get approval for a huge project with many risks and serious associated problems, one strategy is to get decision-makers to split up the question into tiny pieces. Forbid the people on one team from considering the issues another team is looking at. That way, you can prevent the consideration of interactions between effects and cumulative impacts.

This seems to be what Canada’s National Energy Board (NEB) does for pipelines. For instance, they have hearings upcoming in Toronto related to the Enbridge Line 9 pipeline. Currently, it carries conventional crude oil from east to west. The company wants to reverse the flow so it can carry diluted bitumen from the oil sands from west to east.

In these hearings, the NEB is only allowed to consider the direct effects and risks from the pipeline right here in Toronto. They are explicitly not going to consider the effects ‘upstream’ from oil sands extraction and processing. Likewise, the climate change damage ‘downstream’ cannot be considered.

The fact is, we need to be phasing out fossil fuels – not building infrastructure to facilitate their use into future decades. We’re past the point where building additional fossil fuel infrastructure makes sense, but the NEB isn’t allowed to consider the reasons for that.

Mark Jaccard on the Harper government’s climate legacy

Mark Jaccard in The Walrus:

“The Harper government supports accelerating the extraction of fossil fuels from our soil, which will send more carbon pollution into the atmosphere. Meanwhile, that same government brazenly assures Canadians that it will keep its 2020 and 2050 emission reduction promises. But I know these assurances are worthless, for the very reason that Chrétien’s Kyoto promise was worthless. The 2020 target is only seven years away. Emissions have fallen slightly because of the global recession. However, the combination of economic growth and oil sands expansion will increase emissions. In a chapter of the Auditor General’s spring 2012 report, “Meeting Canada’s 2020 Climate Change Commitments,” his commissioner on environment and sustainability, Scott Vaughan, noted, “It is unlikely that enough time is left to develop and establish greenhouse gas regulations… to meet the 2020 target.” Instead, Canada is on a path to be “7.4 percent above its 2005 level instead of 17 percent below.””

Strongs word from the author of Sustainable Fossil Fuels.

Divestment campaign successes

From an excellent Rolling Stone article by Bill McKibben:

We even had some early victories. Three colleges – Unity in Maine, Hampshire in Massachusetts and Sterling College in Vermont – purged their portfolios of fossil fuel stocks. Three days before Christmas, Seattle mayor Mike McGinn announced city funds would no longer be invested in fossil fuel companies, and asked the heads of the city’s pension fund to follow his lead. Citing the rising sea levels that threatened city’s neighborhoods, he said, “I believe that Seattle ought to discourage these companies from extracting that fossil fuel, and divesting the pension fund from these companies is one way we can do that.”

Toronto350.org is looking for volunteers to help run our divestment campaign.