Windfall Tax

Cameron Johnstone | Nov 09, 2022

The federal government has spent over $15B on financial support for the oil and gas industry this year, according to a recent report by Environmental Defence. At the same time, supply uncertainty and skyrocketing gas prices allowed fossil fuel companies to make record profits off of everyday peoples’ backs. How about the rest of us get some financial support for a change?

Canada should follow the European Union’s example and pass an oil and gas Windfall Profits Tax. We can’t keep letting the oil giants feast while communities across the country struggle with inflation and the mounting cost of climate disasters. Let’s put that money to work developing clean energy and creating green jobs instead of just lining the pockets of Big Oil billionaires.

Trudeau has so far dismissed the idea of a windfall tax, but thousands of people across Canada are organizing to build the public pressure necessary to force him to act.That’s why I’ve joined thousands of people in calling on Trudeau to #TaxBigOil. You can learn more about the campaign at 350.org/TaxBigOil.

Cameron Johnstone