Avi Lewis1d ago

Striking that the Liberals and Conservatives offer the same response to pain at the pump: siphon money out of the public purse instead of Big Oil’s profits.

Oil companies are on track to make tens of billions in windfall profits from Trump’s illegal war in Iran.

It’s their profiteering that’s driving up prices. It’s them who should pay.

It’s time for price caps on gas to stop oil companies from price-gouging Canadians — and a windfall profits tax on war-time oil revenues, so the government can invest that money in the public interest.

https://www.cbc.ca/news/politics/carney-fuel-excise-tax-affordability-9.7162911

#cdnpoli #gas

Carney temporarily suspending federal fuel excise tax on gas, diesel and aviation fuel | CBC News

A day after sweeping three byelections in Ontario and Quebec that gave him a majority in the House of Commons, Prime Minister Mark Carney says he is temporarily removing the federal excise tax on gas and diesel.

CBC
Show threadsleepy62🍁🛠️ 🖥️ 🔬 🌞

@avilewis

I really wish he would have announced a 2.5B$ investment in #renewables and #EV charging, instead of yet another #fossilFuels subsidy.

Apr 14 at 8:07pmWeb
Show threadRantingCanuck20h ago

@sleepy62 @avilewis

Predominantly foreign owned O&G companies in Canada are going to make an extra $6B+ from 47's war on Iran... Instead of spending $2.4B of public money on a gas tax cut, Carney could have enacted a 75% excess profit tax (bringing in $4.5B+) and split the revenue 50/50 between renewable infrastructure and a affordability rebate to the 80% of Canadians with the lowest household incomes.

It would have helped more, would have resulted in actual generational infrastructure (which he like to talk about), and wouldn't require cuts to other programs to pay for.

Show threadsleepy62🍁🛠️ 🖥️ 🔬 🌞19h ago

@RantingCanuck @avilewis

And they can do that now cus majority... but then they seem to be shit scared of upsetting the fossil industry.