Mr. Speaker, five of the largest oil companies made nearly $21 billion in net profits in 2021. They really raked in the dough.
This year, they have already reached $9 billion and counting, with record prices of $2 a litre. People's purchasing power is shrinking, while the CEOs of the big oil companies are getting bonuses averaging $13 million. It is obscene.
When are the Liberals going to tax the excessive profits of the big companies that are taking advantage of the crisis to line their pockets?