Madam Speaker, corporate profits are rising twice as fast as inflation while wages are rising only half as fast. Oil companies are making record profits and their CEOs are making millions of dollars in bonuses. Oil and gas made $147 billion this year. Imperial Oil made $2.4 billion.
When workers are hurting, big oil and gas companies are making profit. I hear the Conservatives clapping at that. On the backs of workers, big CEOs are making record profits. We hear them clap.
Does the hon. member side with the New Democrats in providing an excess profit tax on oil and gas companies for profits over $1 billion in order to reinvest money in solutions that make life fairer and more affordable for families, or does the Bloc take the Conservatives' side with big corporate CEOs?