Momentum builds for a windfall profit tax on oil and gas companies

Leading up to the 2024 federal budget, tens of thousands of people advocated for a windfall profit tax on oil and gas producers. While the unfair excess oil and gas profits went unchecked in this year’s federal budget, we certainly got government’s attention.

The House of Commons finance committee reviewed the idea and recommended a new surtax on excessively high oil and gas company profits, as well as grocery retailers.

According to the Globe and Mail, the Finance Department was considering a windfall profit tax but succumbed to oil and gas industry opposition. This must stop! We can’t let a handful of oil companies call the shots on the budget, climate action and our future.

With your support, we’ll continue to push government to hold oil and gas companies accountable for the pollution and damage they cause.