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House Hansard - 103

44th Parl. 1st Sess.
September 27, 2022 10:00AM
Context: House Hansard - 103 - Sep/27/22
Mr. Mike Morrice (Kitchener Centre, GP)
  • Sep/27/22 10:38:12 a.m.
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Madam Speaker, the carbon tax, widely regarded by leading economists as the most efficient way to act on the climate crisis, went up by 2.2¢ per litre this past year. Meanwhile, oil and gas wholesale margins, in other words, profits, went up by over 18¢. Therefore, the increased cost at the pumps is nine times higher due to price gouging by the oil and gas industry, rather than carbon pricing. As a result, in just one example, Imperial Oil recently posted a $2.4-billion profit, a sixfold increase compared to the same three-month period last year. Why are the Leader of the Opposition and his party not similarly outraged by this?
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