A Green MP is calling on the federal government to impose a windfall profits tax on fossil fuel companies, citing increasing unaffordability and the ongoing climate crisis.
Going over the list of subsidies the oil and gas sector receive, most of them are received on the basis of developing cleaner sources of energy.
If we are going to do something, taxing the windfall rather than giving up programs that are intended to help the environment means even if you end up giving the money straight back to them through those programs, they are earmarked to a specific goal that is to the benefit of the people and not left to their own discretion.
Going over the list of subsidies the oil and gas sector receive, most of them are received on the basis of developing cleaner sources of energy.
If we are going to do something, taxing the windfall rather than giving up programs that are intended to help the environment means even if you end up giving the money straight back to them through those programs, they are earmarked to a specific goal that is to the benefit of the people and not left to their own discretion.
The same sources of cleaner energy that the oil companies have given up on and lied about?
No, they’re talking about Carbon Capture. Which is a new source of clean energy the oil companies are lying about.