If current fuel prices had stayed the same prior to the war, profits were expected to reach about $30 billion. They've tripled to almost $90 billion because of the devastating war in Iran.
A number of members of Climate Action Network Canada are emphasizing how important it is that the government tax this excess profit and reinvest it in measures to help Canadians who have to deal with rising energy prices.
Higher energy prices have a direct impact on their wallets, whether it's the price of gas or the price of heating. It's very important to think about how to address this unfair situation and to describe what's really happening right now. People talk about putting the fuel tax on hold, but they don't address the issue of those who are benefiting from this situation.