Let's be clear. Gas tax cuts right now only jack up profits for (war profiteering) Big Oil. And because our Oil & Gas sector is largely foreign owned those profits leave Canada. What's needed is a #WindfallProfitsTax. A big one. A really BIG one. #EndFossilFuels
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NO! Now is the time for a #WindfallProfitsTax on fossil fuels for the #EnergyTransition. The needs of the many, Canadians facing soaring inflation & soon to be skyrocketing mortgages, outweigh the needs of the few: shareholders of Oil & Gas multinationals.
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When Trump recently said "when oil prices go up, we make a lot of money," he was talking about billionaire Big Oil executives.
Big Oil is getting rich off Trump's War in Iran while we pay record gas prices.
A #WindfallProfitsTax would ensure the American people are returned what we are owed.
$63,000,000,000.
That's how much U.S. oil and gas companies are set to receive in windfall profits from Trump's War in Iran.
We need a Big Oil #WindfallProfitsTax that returns their illegimate profits to the American people now.
The spike in crude oil prices over the weekend led to prices rising at the pumps, almost immediately Companies and dealers are once again gouging consumers, so maybe it's time to pass a permanent #WindfallProfitsTax to punish these unscrupulous businesses
This is Chris Packham, noted environmentalist, speaking to the Brits but he might as well be speaking to Canadians. The fossil fuel companies had their chance. They could have been part of the energy transition. But they chose unwisely. Time to make them pay. #ClimateAction #WindfallProfitsTax
The man is a dangerous idiot. And this illustrates the big problem with gerontocracies - he won't be around to suffer the worst effects of the climate disaster his fealty to fossil fuels brings. #ClimateAction #EndFossilFuels #WindfallProfitsTax
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Despite challenges of being a federation, we need imaginative & transformative leadership from the feds to build programs & institutions for a post #fossilfuel economy.
Canada must utilize tools like #windfallprofitstax to curb the greed of Big Oil & incentivize a low-carbon future.