“More money than God”

Leadnow

Dear Asarial,

A breaking investigation revealed that despite seeing record-breaking profits, Big Oil successfully lobbied the federal government and won an additional $2.6 billion in public money. [1]

Oil and gas companies, who, “make more money than God” are making off like bandits by profiting massively from torching our planet — while the rest of us struggle to make ends meet. [2] Your pain at the pump is being funneled towards their bottom line — and so is money from the public purse. [3,4]

Big Oil may have cash-lined pockets to lobby the government seven times a day, [5] but we have people power.

If we flood key Cabinet Ministers with tens of thousands of messages demanding that the federal government stop giving public money to oil and gas corporations and instead make Big Oil pay their fair share with a windfall tax, it could be enough to force them to act. Will you send a message now, while key Cabinet Ministers are still feeling the heat from the investigation?


It doesn’t have to be this way. A windfall tax on Big Oil’s excess profits means mega-rich oil and gas corporations will be forced to pay their fair share into the public purse rather than taking from it. Taxing excess profits could fund a just transition away from fossil fuels and towards renewable energy for a greener, fairer, and more sustainable economy that works for everyone — not just Big Oil.

We already know this is possible. Last year, the UK set an excess profits tax at a whopping 25% and it’s projected to raise more than $8 billion CAD in just one year. [6] And in the last two months of 2022, they actually increased it. [7]

It’s a sign that the fossil fuel industry can no longer get away with hoarding their profits while everyday people struggle to put food on the table.

Along with our friends at 350 Canada and Environmental Defence, we’ve already delivered your petition with over 15,000 signatures to the House of Commons. Now, it’s time to turn up the heat and show Prime Minister Trudeau and Minister of Finance, Chrystia Freeland, that we’re tired of Big Oil keeping our environment and our wallets hostage. Will you send a message now?


https://act.leadnow.ca/windfall-tax-23/

With hope,
Simran, Ellen, and Kate for Leadnow

Sources:
[1] www.nationalobserver.com/2023/01/09/investigations/lobbyists-pushed-feds-funnel-billions-taxpayer-money
[2] see [1]
[3] www.offshore-energy.biz/oil-gas-firms-profits-set-to-smash-records-reaching-834-billion-in-2022-rystad-says/
[4] www.cbc.ca/news/business/suncor-earnings-profits-triple-1.6447625
[5] environmentaldefence.ca/2022/11/01/minister-wilkinson-and-pathways-alliance-top-septembers-oil-gas-lobbying-round-up/
[6] www.cnn.com/2022/11/17/economy/windfall-tax-nuclear-uk-budget
[7] see [6]


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