Canada’s environment minister does not jump to take up UN call for windfall taxes:
I had high hopes for Guilbeault, knowing he had an active role in Greenpeace. I don’t know what happens to these politicians, but he’s caved too. 🙁
Environment Minister Steven Guilbeault isn’t warming to the idea of
combating climate change by imposing a windfall tax on the massive
profits being posted by some Canadian oil and gas producers.
During the annual UN General Assembly in New York City this week,
Secretary-General Antonio Guterres said fossil fuel companies are making
massive profits and should be taxed extra to pay for climate action and
deliver help to people struggling with their energy and food bills.
Guterres said the poorest and most vulnerable people in the world
have contributed the least to the climate crisis but are bearing the
brunt of “its most brutal impacts.”
“The fossil fuel industry is feasting on hundreds of billions of
dollars in subsidies and windfall profits while household budgets shrink
and our planet burns,“ he said.
When asked if Canada would follow Guterres’ request during a call
with reporters Thursday, Guilbeault did not directly say yes or no.
Rather, he said Canada is already ensuring fossil fuel companies pay
their fair share toward climate action through carbon pricing and
regulations.