And there's no real reason we Canadians should allow our future to be sacrificed for fossil fuel profits:
The big winner from this crisis is Canada’s petroleum industry. It set all-time records for high profits in 2022, during an earlier and smaller oil shock that followed Russia’s invasion of Ukraine. Those records will soon be shattered thanks to this new war.
...
Other countries, like the U.K. and Norway, also charge taxes of 50 per cent or more on profits generated from petroleum during times of high prices
That's 65 billion dollars of windfall so far, 155 billoin dollars if the war continues! There's NO good reason that should be fossil fuel company profits instead of thousands of dollars of social services PER CANADIAN.
https://breachmedia.ca/an-oil-price-shock-isnt-inevitable-we-can-rein-in-and-tax-the-oil-industry/
#CDNPoli #Canada #oilAndGas #FossilFuels #politics