Wagering huge sums of public money to expand the oilsands at a moment when the business case for oil could be entering terminal decline “is an absolutely idiotic waste of capital.
Bond is recent author of the report “Decline and Fall: The Size and Vulnerability of the Fossil Fuel System,” and argues that due to the economic wreckage of coronavirus we may have already passed global peak demand for oil, coal and gas. In an exclusive interview with The Tyee he explains why that is potentially very bad news for oil producers and the governments that support them.
Let me cut to the chase here. Our view would be that expanding the fossil fuel system at the end of the fossil fuels age is an absolutely idiotic waste of capital. That’s throwing good money after bad and it’s like building a canal in 1850 when the railway system is already up and running. It’s like connecting a new city to the gas lighting network in 1920 when someone has already invented electricity or it’s like trying to prop up Nokia after Steve Jobs has put out the iPhone.
Now, the heat is on the insurance companies that have given the project the financial assurance to proceed. Last week, Stand.earth reported that German insurer Talanx had stepped away from the project, after reinsurance giant Munich Re signalled its intention to withdraw earlier in the year. And Leadnow is running a petition campaign to make the pipeline’s biggest underwriter, Zurich Insurance, the next to go.
“Insurers for the pipeline are already dropping like flies,” and “if Zurich rejects Trans Mountain’s request to renew their insurance, too, it could convince other insurers that the project is simply too risky to support. It would leave Trans Mountain scrambling to find coverage—and might just be enough to stop the project in its tracks,” Leadnow writes.
The Vista mine is located in Treaty 6 territory near Hinton, Alberta. To my knowledge, it’s the first thermal coal mine ever built in Canada for the sole purpose of supplying overseas coal plants.
Almost immediately after the mine opened in 2019, Coalspur Mines Ltd. applied for a massive new expansion. Right now, it’s approved to extract about six million tonnes of coal per year. But the company told the regulator it plans to increase that to upwards of 15 million tonnes, and in one recent publication, Coalspur announced its intention to push that as high as 20 million tonnes in the future.
So this is a massive mine, on a scale that is almost unprecedented—it would be one of the largest if not the largest coal mine in Canadian history. When that 15 million tonnes of thermal coal is burned, it will lead to about 33 megatonnes of carbon dioxide per year, the same as seven million passenger vehicles on the road. For comparison, the largest point source of carbon in Canada right now is a coal plant in Alberta that emits 12.7 megatonnes per year, so this would far surpass it.
“We’re looking at the most expensive hailstorm, and I
think the residents on the ground are probably not surprised as they’re
going through the rebuild on this,” Celyeste Power, western
vice-president of the bureau, told CBC News Wednesday.
The storm hit northeast Calgary, Airdrie and Rocky View County hardest.
It
damaged at least 70,000 homes and vehicles, and destroyed entire crops,
as hailstones the size of tennis balls fell at 80 to 100 km/h.
The $1.2 billion is just a preliminary estimate and could rise, Power said, as total costs are finalized in the coming months.
Under the new act, individuals will be able to bypass the local school board and apply directly to the provincial government to seek to establish a charter school. This follows a move last fall by the newly elected UCP to remove the cap (previously 15) on the number of charter schools in the province.
These recent developments provide the opportunity to better understand what charter schools are, how they’ve been taken up by advocates of educational reform and how their re-emergence and promotion under the UCP reflects the influence of neoconservative and neoliberal ideologies in education.
Roots of charter schools
Charter schools emerged largely from the Chicago School of Economics, inspired by the ideas of prominent thinkers like Milton Friedman. Friedman argued state “monopoly” over public education was problematic, and thus education should be instead subject to consumer choices and the dynamics of the free market.
While differing based on country and context, charter schools can be understood as a hybrid type of school — both public and private. Individuals or groups may seek to establish a school under a particular educational philosophy or approach. This charter then guides the administration and organization of the school.
As public institutions, however, charter schools must still abide by the policies, rules and regulations set out by the government. In this way, these schools can be seen as offering students and parents choice different from the local public school.
With funding is typically determined on a per-pupil basis, if parents decide not to choose a particular charter school, it may then close. Charter schools are also subject to competitive market pressures and often have to raise capital funding for expenses such as the school building or transportation themselves. That means charter schools may turn to fundraising from community-based or corporatesources. In the U.S., for instance, some charter schools can be run as for-profit entities.
Up until recently, discussion around their future or promise in Alberta has been somewhat ambiguous. But since the UCP was elected last year, the provincial government has sought to revive charter schools as part of broader educational and public sector reforms.
Last fall, the UCP also removed the word “public” from Alberta’s public schools boards, a move that can be critically viewed as an attempt to obfuscate the demarcation between public and private schools.
Charter advocates contend that as schools of choice, they offer students more specialized and meaningful educational experiences.
Critics often respond that choice is already available in public school systems and that charters don’t demonstrate any significant improvements in performance, and may in fact further segregate students, leading to greater educational inequalities.
Nevertheless, the evidence remains mixed as to whether charters provide any significant improvements to student achievement. The research and policy landscape is often contentious and heavily influenced by competing interest groups.
Charter schools were first introduced in Alberta under former premier Ralph Klein’s Progressive Conservative Party in 1994. Here, Klein in front of a campaign poster in February 2001. THE CANADIAN PRESS/Adrian Wyld
While educational reforms can and must occur in response to a changing world, public schools are meant to be resistant to political changes because they represent our core democratic values and are meant to develop to serve the needs of a diverse society.
Perhaps most importantly then, the debate over charter schools points to the fundamental political nature of public education.
Recent pre-pandemic educational reforms proposed in Ontario for mandatory online courses were seen by many educators, parents and students not as learning improvements, but rather as reforms motivated by a Conservative government with similar neoliberal politics, ideas and value systems.
With Alberta’s charter schools set now to expand, as I asserted in 2015, it is worth noting that to date, the rest of Canada has continued to largely — though not entirely — resist calls for “school choice” that imply forms of privatization.
Nevertheless, across Canada, chronic public underfunding of education has forced school boards to seek tuition revenue and promote for-profit curriculums.
The presence of privatization looms large and when education is defined as an industry, there will always be those who seek to profit from it.
As Canadians, the rejection of charter schools demonstrates our collective commitment to the some of the most important core principles of public education, including access, quality and equity. The idea of charter schools allows us to think deeply about our core values surrounding public education and the many promises which it’s asked to uphold.