Lessons from successful fossil fuel divestment campaigns

Divest Canada — a self-initiated, volunteer-run effort to support fossil fuel divestment campaigns at Canadian universities — recently hosted a webinar on lessons learned from recent successful campaigns:

It is encouraging on several fronts. It’s great to see all these groups patiently implementing strategy on their own initiative and yet in parallel. It brings hope to see the commitment and dedication of the activists. Above all, it suggests that the most important success factor for a divestment campaign is being able to survive long enough for an opportunity to arise with sympathetic administrators, all the while building the intellectual and moral case along with campus-wide support.

Sources on fossil fuel divestment

Even while working to adapt my thesis chapters in response to comments from my supervisor, I still regularly come across new popular and scholarly writing about the campus fossil fuel divestment (CFFD) movement.

Tonight, that is former McGill professor Gregory Mikkelson’s article: “Divestment and Democracy at a Canadian University“.

It’s frustrating that I talk so much with people about divestment but cannot share my dissertation contents until they have gone through review by my supervisory and examination committee members. My growing bibliography is public, however, since almost everything I am citing is available in libraries or online.

UVic’s partial divestment

It’s hard to know what the exact count is when you count partial divestments, but UVic has joined the set of Canadian universities acting on fossil fuel divestment by transferring $80 million to a short-term bond meant to reduce the CO2 intensity of their portfolio.

All told they have about $225 million and they have pledged to reduce the carbon intensity of the portfolio by 2030. I don’t know if the carbon intensity of a portfolio is really a meaningful idea (how do you divide responsibility for Boeing’s emissions between shareholders and customers, for instance?). I’m likewise skeptical about targets set beyond when the current leadership will hold power.

The hope with divestment is that universities would be persuaded by the arguments that investing in fossil fuels is unethical and financially dubious. Universities have found many ways to act which fall short of condemning the fossil fuel industry and withdrawing all financial support. These precedents arguable erode the case for action, since they substitute the idea that the fossil fuel industry is uniquely dangerous and unworthy of support with the idea that essentially business-as-usual investment management can somehow deal with the problem of climate change.

A 2021 Canadian federal election?

I am hearing rumours and media speculation about a Canadian federal election this year, and my response to the state of Canadian politics remains weary disappointment blending into anger.

Trudeau and the Liberals are objectively a poor government. If they succeed in their policy preferences, they will be among the villains rightly condemned for the rest of history as knowing climate arsonists who chose to threaten and impoverish humanity indefinitely to protect the short-term profits of their status quo supporters.

The Conservatives would be objectively worse, but they are the other plausible party of government. The NDP might theoretically be better, but I have no confidence in that. If they ever pull off the unprecedented and form a government, it’s not clear to me that fossil fuel abolition and climate change mitigation would be their priorities — especially with some unions supportive of new fossil fuel projects.

People don’t like to believe that they’re governed by incompetents who are making choices that will destroy their societies (and/or pure panderers with little interest in what’s true), so many people I know socially leap to defend Trudeau’s Liberals. Broadly I would say this is indicative of our society-wide denial about how bad the choices we’re making are and how severe the long-term consequences will be. People are psychologically unwilling to believe that, so they conjure instead a fictional but comforting reality where their choices make sense and Trudeau’s nonsense about needing new oil pipeline revenue to abolish fossil fuels is anything but politically expedient incoherence.

What’s happening in Washington is terrifying

“Statement by President George W. Bush on Insurrection at the Capital

Laura and I are watching the scenes of mayhem unfolding in our Nation’s government in disbelief and dismay. It is a sickening and heartbreaking sight. This is how election results are disputed in a banana republic — not our democratic republic. I am appalled by the reckless behavior of some political leaders since the election and by the lack of respect shown today for our institutions, our traditions, and our law enforcement. The violent assault on the Capital — and disruption of a Constitutionally-mandated meeting of Congress — was undertaken by people whose passions have been inflamed by falsehoods and false hopes. Insurrection could do grave damage to our Nation and reputation. In the United States of America, it is the fundamental responsibility of every patriotic citizen to support the rule of law. To those who are disappointed in the results of the election: Our country is more important than the politics of the moment. Let the officials elected by the people fulfill their duties and represent our voices in peace and safety. May God continue to bless the United States of America.”

Ali Soufan’s view of 2020 security threats

The International Spy Museum hosted a great discussion with former FBI special agent Ali Soufan, author of two books about Al Qaeda:

It covers the post-2001 debate around torture for interrogation, questions of accountability in the use and disclosure of classified intelligence, and includes some interesting remarks about cooperation with international intelligence agencies, as well as relations and views between the CIA and the FBI.

Climate advocates should call for fossil fuel abolition, not “net zero”

The concept of “net zero” has become a major mechanism for industries and politicians who are unwilling to move past the fossil fuel economy to pretend that somehow that will not be necessary, since some future technology or tree planting will cancel out the emissions.

I’ve written before about how you would need a carbon capture industry far greater than today’s oil industry to bury our current emissions, and this CO2 burial industry would not produce anything of value to sell, meaning it would need to be paid for in a way not envisioned in any of the net zero promises I have seen. Tree planting is perhaps even more hopeless, since temporary sequestration of CO2 in biomass is not comparable to the permanent addition of CO2 to the atmosphere from burning fossil fuels. When climate plans rely heavily on tree planting it’s a strong indication that they are intended for public relations purposes and do not have a sound scientific basis.

“Net zero” is also profoundly ambiguous about what kind of action needs to take place, since it suggests that we *can* persist indefinitely with fossil fuel use, just so long as some other people undertake compensatory activities to cancel it out. That’s not the right message or set of incentives to present to individuals and firms when we desperately need them to stop investing in long-lived fossil fuel infrastructure.

Being clear that our intent is to abolish fossil fuels accomplishes several useful things. It reinforces how fossil fuel firms and infrastructure are poor long-term investments, making it all the clearer that Canada should not be allowing new bitumen pipelines or LNG facilities. It stresses how stabilizing the climate can only be achieved through the effective abandonment of fossil fuels, and in so doing elevates the importance of building up all other forms of energy.

Maintaining a climate comparable to what humanity has experienced for its entire history requires a true zero, the effective abandonment of fossil fuels as sources of energy. Talking about “net zero” is chiefly emerging as a way to sound visionary and ambitious, while actually retreating into the hope that somehow new developments will eliminate the need for a difficult choice. We shouldn’t trust business or political leaders who talk that way.

Media attention to the case for divestment

I was heartened yesterday to see the CBC publishing an article about one of the scholars behind the case for divestment which was made successfully at Cambridge: Academic from Saskatoon plays key role in Cambridge University divesting from fossil fuels.

The report they link — Divestment: Advantages and Disadvantages for the University of Cambridge by Ellen Quigley, Emily Bugden, and Anthony Odgers — is particularly notable for its inclusion of a broad range of scholarly work on divestment from a range of fields.

Belliveau on the CFFD movement

Having missed its importance after putting it on a to do list back in May 2019, I have printed off Emilia Belliveau’s 2018 master’s thesis from UVic about the fossil fuel divestment movement in Canada, and particularly how it has affected the movement’s organizers.

That’s my main research question as well, making it surprising that I didn’t see the extent of this document’s overlap until I rediscovered it.

I will have a few different responses in my dissertation once it is published, but it’s a relief to say that this document hasn’t called attention to anything massive which I have missed. Incorporating it, therefore, it mostly a matter of adding additional references in the lit review and footnotes.

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