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House Hansard - 159

44th Parl. 1st Sess.
February 13, 2023 11:00AM
Context: House Hansard - 159 - Feb/13/23
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Feb/13/23 3:06:26 p.m.
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Mr. Speaker, in his state of the union address, President Joe Biden called out big oil for its excess profits, which he called “outrageous”, and he pledged to quadruple the tax on corporate stock buybacks. Frankly, that is not enough. The Secretary-General of the United Nations has called such profits “immoral”. In Canada, the 10 biggest oil and gas companies amassed more than $66 billion in profits in one year, and that is more than double what they had in the previous decade. Can the hon. minister tell us when Canada will tax back the excess profits of these war profiteers?
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