In the first month of the US-Israeli war on Iran, the Canadian oil industry made after-tax profits in excess of $6 billion -- $4 billion more than it pocketed the month before.
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In the first month of the US-Israeli war on Iran, the Canadian oil industry made after-tax profits in excess of $6 billion -- $4 billion more than it pocketed the month before. It is well past time Canada applied a windfall tax on these excess profits:
The oil industry is making billions from the Iran war—it should be taxed - CCPA
The current windfall could be Canadian oil's final boom—so the proceeds must be reinvested into economic diversification and industrial planning
CCPA - (www.policyalternatives.ca)
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In the first month of the US-Israeli war on Iran, the Canadian oil industry made after-tax profits in excess of $6 billion -- $4 billion more than it pocketed the month before. It is well past time Canada applied a windfall tax on these excess profits:
The oil industry is making billions from the Iran war—it should be taxed - CCPA
The current windfall could be Canadian oil's final boom—so the proceeds must be reinvested into economic diversification and industrial planning
CCPA - (www.policyalternatives.ca)
@atomicker , yes, so should every other country.
A government that is standing by while it's people are being robbed is failing it's duty and should be sacked. -
In the first month of the US-Israeli war on Iran, the Canadian oil industry made after-tax profits in excess of $6 billion -- $4 billion more than it pocketed the month before. It is well past time Canada applied a windfall tax on these excess profits:
The oil industry is making billions from the Iran war—it should be taxed - CCPA
The current windfall could be Canadian oil's final boom—so the proceeds must be reinvested into economic diversification and industrial planning
CCPA - (www.policyalternatives.ca)
@atomicker would be nice but it would require a federal gov willing to tolerate the tantrums that Alberta is already throwing anyway. Or it would require Alberta’s to elect something other than the oil industry as a government.
But maybe I’m to cynical. There is oil and gas extraction in other provinces as well.
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@atomicker would be nice but it would require a federal gov willing to tolerate the tantrums that Alberta is already throwing anyway. Or it would require Alberta’s to elect something other than the oil industry as a government.
But maybe I’m to cynical. There is oil and gas extraction in other provinces as well.
@danbrotherston ... and Mark Carney is very much on board with increasing extraction of fossil fuels, while suppressing alternatives. He certainly has no interest in denting the profits of the (mostly foreign-owned) oil industry in Canada.
OTOH, a solid majority of Canadians have supported windfall taxes on the oil industry for years now. Carney used to pretend to care what the "owners of Canada" thought -- it will be even more difficult to influence LPC policy now he's in a majority, but we have to keep trying, right?
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