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.

Heat pumps

David Mackay’s Sustainable Energy — Without the Hot Air emphasizes heat pumps as a decarbonization tool:

Notice that heat pumps offer a system that can be “better than 100%- efficient.” For example the “best gas” power station, feeding electricity to heat pumps can deliver a combination of 30%-efficient electricity and 80%- efficient heat, a “total efficiency” of 110%. No plain CHP [combined heat and power — where waste heat from energy production is used for heating] system could ever match this performance.

Let me spell this out. Heat pumps are superior in efficiency to condensing boilers, even if the heat pumps are powered by electricity from a power station burning natural gas. If you want to heat lots of buildings using natural gas, you could install condensing boilers, which are “90% efficient,” or you could send the same gas to a new gas power station making electricity and install electricity-powered heat pumps in all the buildings; the second solution’s efficiency would be somewhere between 140% and 185%. It’s not necessary to dig big holes in the garden and install underfloor heating to get the benefits of heat pumps; the best air-source heat pumps (which require just a small external box, like an air-conditioner’s) can deliver hot water to normal radiators with a coefficient of performance above 3.

There is also some evidence now that US house owners are sufficiently mindful about long-term energy costs to see their economic advantages reflected in house prices. In Nature Energy Xingchi Shen et al. conclude: “Residences with an air source heat pump enjoy a 4.3–7.1% (or US$10,400–17,000) price premium on average.” (See also)

Some of the usual impediments to environmental retrofits apply here. You generally need to pay for the system up front and then recoup savings over a long period, which means you need to be able to finance it initially. Also, there can be a lack of coordination between renters, landlords, and building owners. Still, technologically heat pumps are promising and we need non-fossil alternatives for building heating and cooling.

Plastic without fossil fuels

Alongside the staggering challenge of replacing the 85% of global energy that currently comes from fossil fuels, humanity must also reckon with how the critical systems which we depend on rely on fossil fuels as inputs. We need to learn to make steel without coal and fertilizer without natural gas.

We also need something aside from fossil fuels as a feedstock for plastics, which are now indispensable in every area of human endeavour from spaceflight to surgery. Research of the sort is taking place. For example, Professor Shu-Hong Yu’s team at the University of Science and Technology of China (USTC) has produced non-petroleum based plastics which are twice as strong and tough as engineering plastics.

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.

Related:

Shue on intergenerational climate responsibility and vulnerability

“Doing nothing” about climate change in the sense of simply continuing business as usual is — far from actually doing nothing — continuing to change the environmental conditions that future generations will face for the worst. To persist in the activities that make climate change worse, and thereby make living conditions for future generations worse, is not merely to decline to provide protection. It is to inflict danger, and to inflict it on people who are vulnerable to us and to whom we are invulnerable. The relationship is entirely asymmetric: they are at our mercy, but we are out of their reach. Causation runs through time in only one direction. Lucky for us.

Shue, Henry. “Deadly Delays, Saving Opportunities” in Pachauri, Rajendra Kumar, Stephen Gardiner, Simon Caney, Dale Jamieson, and Henry Shue. Climate Ethics: Essential Readings. Oxford: Oxford University Press, 2010. p. 151

Related: