Fossil fuel companies are driving up inflation – and laughing all the way to the bank forcing you to pay more for everything.  It’s time to call the cost-of-living crisis by its true name: Fossilflation. 
While Canadians struggle to put food on the table, and meet their basic needs, oil and gas companies are posting sky-high profits.  These extra billions are coming out of your pocket when YOU pay higher prices at the pump, and when other companies pass on their increased fuel costs to YOU through higher sticker prices on food and necessities.
And where are these billions going? Directly into shareholder bonuses and share buybacks.
This profiteering off a global crisis at the expense of our planet and the most vulnerable must be stopped. We urgently need a Windfall Tax (a tax on excess profits accumulated by an industry as a result of a global geopolitical crisis) that redirects excess fossil fuel profits to:
- Put money back into the pockets of Canadians to cover basic necessities like food, housing and transportation
- Invest in climate solutions like better public transit, electric vehicles and heat pumps that lower energy bills, fight climate change and reduce our exposure to spiking oil and gas prices 
Calls for oil and gas companies to pay their fair share are growing: The UK, Spain, Italy and the EU have already announced their plans for Windfall Taxes on fossil fuel profits to bring immediate relief to people struggling with soaring costs.  But so far, Canada’s Ministry of Finance is not following their lead. 
The measures currently on the table to help Canadians are not enough. We need to send a clear message: truly supporting Canadians with the cost-of-living crisis means taxing greedy fossil fuel companies profiteering off the suffering of everyday people – and the destruction of our planet.
 What’s driving inflation? The fossil fuel economy
 Call it by its name: Fossilflation
 Oil Industry Netted Billions in Profits, Despite Global Price Dip
 Fight climate change. End fossilflation. Here’s how.
 Oxfam Media Brief: the case for windfall taxes
 After UN chief calls out 'scandalous' profits, Ottawa offers no plan to hike taxes on oil and gas industry
Demand a Windfall Tax now
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