BY THE END OF THIS YEAR, Canadian oil & gas companies are on track to pocket
$0 billion
That's $60 billion more than what they would have earned without the war. Meanwhile, they've convinced the government to cut the gas tax. This is a band-aid solution that defunds our public services while letting Big Oil shareholders pocket billions. Relief for Canadians should come from Big Oil's ballooning profits, not from schools, hospitals, and public infrastructure.
It's time to stop war profiteering and put money back in the pockets of Canadians.
We're calling for a
75% excess profits tax
on fossil fuel companies — the same rate used during World War II
Would unlock
$0 billion
for direct relief to Canadians and investment in renewable energy, public transit, and an East-West Grid to protect us from future oil shocks
Last time the gasoline excise tax changed
2026
over 30 years ago
Last time the diesel excise tax changed
2026
nearly 40 years ago
Pausing the sales tax on gas is a band-aid solution that misses the point. Every additional dollar we're paying because of the oil price shock is going straight into Big Oil's pockets. It's time to stop the steal.