Federal Government Urged to Implement Windfall Profits Tax for Oil and Gas Companies
BC Inexperienced Occasion chief Sonia Furstenau, together with the leaders of the Inexperienced Occasion in New Brunswick, and Prince Edward Island, is asking for a nationwide tax on windfall income for oil and fuel corporations.
Furstenau says persons are “combating record-breaking affordability problem proper now.”
She says inflation is at file ranges, costs for houses are unattainable for a lot of, and the excessive fuel value makes it troublesome to entry primary providers.
Furstenau says as Canadians wrestle with these challenges, “oil and fuel corporations are reaping record-breaking income.”
“Governments have to enact insurance policies that guarantee corporations are working in good religion. One concrete step the federal authorities can take is to place in place a windfall income tax, and return these funds to folks.”
Furstenau says fuel costs jumped after Russia invaded Ukraine, however there are not any oil shortages in North America and the general public is paying the worth as oil and fuel corporations money in on the disaster.
The BC Inexperienced Caucus, at the side of the New Brunswick Inexperienced Caucus and the PEI Inexperienced Caucus, has signed an open letter to the Prime Minister calling for pressing motion.
They’re calling on Justin Trudeau to “implement a windfall income tax on oil and fuel corporations, with the proceeds returned to Canadians.”
Copies of the letter have gone to the Premiers of BC, New Brunswick, PEI, and all federal celebration leaders.
Furstenau says, “I signify a provincial caucus, however it is a federal coverage device. That’s the reason we’re calling on the Prime Minister – and, calling on the Premier of British Columbia to hitch his voice with ours.”
She says whereas British Columbians wrestle, the provincial authorities in BC has failed to handle affordability points or put money into accessible transportation choices.
