Quote:
Originally Posted by Mathgod
https://www.macrotrends.net/stocks/c...inc/net-income
https://www.macrotrends.net/stocks/c...gy-/net-income
https://www.macrotrends.net/stocks/c...oil/net-income
There have been some ups and downs. But these companies have been very profitable more often than not. And what they all have in common is a big surge in profits over the past 2 years. We need a profit windfall tax and we need it now IMO. Canada is leaving billions on the table by not doing it.
https://www.nationalobserver.com/202...lion-canadians
Well the unfortunate reality is that some amount of "unacceptable" disruption to people's lives is completely inevitable at this point, it's just a question of what form will it take. Would we rather it to come in the form of taxes that cause people in rich countries to have to live less oputently and extravagently? Or do we it instead want it to come in the form of frequent and severe droughts, wildfires and famines, vanishing rivers and reservoirs, heat stress, soil salination, rising sea levels, and massively increased flooding, that will unleash a wave of upheaval and human suffering on a scale never before seen?
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What do you honestly think happens if Canada becomes less of an attractive place for oil and gas companies to operate? They will spend less here. So then what happens? Well since the demand is still there because people need the product it gets produced elsewhere, with an almost virtual certainty that it’s being done in a jurisdiction with weaker protections - environmental and human rights. So the same amount is getting burnt by the end consumer, there is likely more harm to the environment and Canada harms itself in the process. That is Canada leaving billions on the table and probably hurting the environment.
Clearly you are frustrated with the corporations here but those same profits in a lot of companies are fueling investment in transition.