BNN: 's governments around the world grapple with how best to assist citizens with the rising cost of living, Alberta's energy minister is warning that anything resembling the U.K.'s so-called "windfall tax" on the profits of oil and gas companies must not be implemented in Canada.
'The British government last month announced plans for a 25 per cent windfall tax on the profits of oil and gas companies, with the aim of raising funds for cash payments to help millions of British citizens cope with rapidly rising energy bills.
'Globally, oil and gas companies are earning record profits in 2022 as surging demand for energy and the war in Ukraine pushes commodity prices to sky-high levels. Spain and Italy have already approved similar-style taxes on energy companies to help citizens pay for their lights and fuel, while recent news reports quoted a senior White House advisor as saying the Biden administration is actively looking at what a windfall tax could look like.'
The Trudeau regime & their NDP cronies have worked for years to destroy Albertan oil and gas, and now that the world is desperate for oil, they are keen now to siphon the last sustaining vitals from the body they all but murdered.
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