Statement: New Estimate from Parliamentary Budget Office Shows Excess Profit Tax on Fossil Fuels Would Bring in Billions
Enviromental Defense
OCTOBER 26, 2023
Today, the Parliamentary Budget Office (PBO) released its assessment that a windfall profits tax on fossil fuel companies could generate $4.2 billion, based on 2022 profits. Fossil fuels are by far the largest contributor to climate change. It’s time to make polluters pay. Suncor Energy Inc., Imperial Oil Ltd.,
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