We need a windfall tax on Oil & Gas profits in the 2023 budget

8,302 actions

goal: 11,000

Time is short to make sure the federal government’s budget for 2023 reflects the real issues facing our communities – rather than issuing handouts to already mega-rich corporations.¹

The federal government will be holding public budget consultations from now until February 10th. And these consultations are a key moment when the federal government will be listening to what the public wants. This is our chance to make things right and demand a windfall tax on the oil and gas industry's excess profits.²

A windfall tax would ensure Big Oil pays its fair share, and the funds it would return to the public purse could create thousands of green jobs, revitalize our crumbling healthcare system, and ensure that families don’t have to worry about the essentials.

But we have to act fast. If we submit thousands of letters to the public consultation calling for a windfall tax to reign in Big Oil’s profiteering and invest in our communities instead, we’ll show our federal leaders that the fossil fuel industry can no longer get away with hoarding their profits.

Send a letter before the consultation closes on February 10th!

Subject

To the 2023 Budget Consultation,

I'm writing to you today to urge you to levy an excess profits tax on oil and gas companies and make them pay their fair share into the public purse instead of taking from it.

A recent investigation shone a spotlight on the successful lobbying done by Big Oil to win $2.6 billion from the public purse. This is unacceptable.

The price of extraction hasn't risen, so these corporations are raking in billions as gas prices spiral and they're torching the planet while doing so. But everyday people are being forced to make impossible choices between putting food on the table and filling up their gas tanks.

The UK government implemented a 25% excess profits tax on oil and gas companies and I'm asking you to follow suit. Bill C-31 implemented a 15% tax on banks and insurance companies with the Canada Recovery Dividend, so we know you have the means to implement a tax on Big Oil's runaway profits. With that revenue, we could invest in a just transition away from fossil fuels, shore up our crumbling healthcare systems, and make life more affordable for everyone.

It's time oil and gas companies paid their fair share into the public purse. Your duty is to constituents not to lobbyists and corporations. I urge you to levy an excess profits tax on oil and gas companies in the 2023 budget.

Sincerely,

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2023 Budget Consultation

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We need a windfall tax on Oil & Gas profits in the 2023 budget

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