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Decentralized Democracy

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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Context: House Hansard - 103 - Sep/27/22
Ms. Jenny Kwan (Vancouver East, NDP)
  • Sep/27/22 11:05:41 a.m.
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Madam Speaker, the reality is that the oil and gas companies are making record profits. In fact, in the last quarter, they have made over $12 billion. Meanwhile, they are continuing to lobby for more subsidies, and the government is giving them more subsidies. Around the globe, windfall taxes are being put in place. The NDP has been advocating for an excess profit tax. Will the government finally put in an excess profit tax for the oil and gas companies?
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Context: House Hansard - 103 - Sep/27/22
Mr. Matthew Green (Hamilton Centre, NDP)
  • Sep/27/22 11:35:33 a.m.
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Madam Speaker, corporate profits are rising twice as fast as inflation while wages are rising only half as fast. Oil companies are making record profits and their CEOs are making millions of dollars in bonuses. Oil and gas made $147 billion this year. Imperial Oil made $2.4 billion. When workers are hurting, big oil and gas companies are making profit. I hear the Conservatives clapping at that. On the backs of workers, big CEOs are making record profits. We hear them clap. Does the hon. member side with the New Democrats in providing an excess profit tax on oil and gas companies for profits over $1 billion in order to reinvest money in solutions that make life fairer and more affordable for families, or does the Bloc take the Conservatives' side with big corporate CEOs?
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