--- title: Big Oil makes billions from war. You pay. Demand a profits tax. description: People should not have to pay for war profiteering. Add your name to call for an excess profits tax. image: https://act.greenpeace.ca/hubfs/Big%20Oil%20Makes%20Billions%20FROM%20WAR.%20YOU%20PAY.%20(2).png --- [![Greenpeace](https://act.greenpeace.ca/hubfs/raw_assets/public/GPCA-2026/landing_page_2026/assests/gp-logo%20copy.svg)](https://www.greenpeace.org/canada/en) En [Fr](https://act.greenpeace.ca/fr-ca/taxe-superprofits) # BIG OIL MAKES BILLIONS FROM WAR DEMAND A PROFITS TAX In the first month of the war, the biggest oil companies were estimated to be making 30 million dollars in additional profits every hour. Meanwhile people everywhere are paying more for essentials, like food and gas. [Add your name](https://act.greenpeace.ca/en-ca/excess-profit-tax#sign) [Learn more](https://act.greenpeace.ca/en-ca/excess-profit-tax#learn-more) Sign Donate Share supporters have signed needed to reach 35000 You're a hero! Just one more question: Our work is 100% funded by people like you. We're completely independent from corporate or political donations. Will you chip in regularly to help protect and preserve the health of the earth? [15$](https://act.greenpeace.ca/en-ca/excess-profit-tax?form=FUNNWDZVKAL&amount=15&recurring=monthly) [20$](https://act.greenpeace.ca/en-ca/excess-profit-tax?form=FUNNWDZVKAL&amount=20&recurring=monthly) [35$](https://act.greenpeace.ca/en-ca/excess-profit-tax?form=FUNNWDZVKAL&amount=35&recurring=monthly) I can't right now, but I'm keen to help Share this petition Every share helps build pressure. Pick a platform below. Facebook Twitter / X Email Copy link Bluesky WhatsApp ![GP01ULC\_PressMedia (2500px)](https://act.greenpeace.ca/hubfs/GP01ULC_PressMedia%20(2500px).jpg) ## Big corporations need to be taxed now! The war in Iran is a tragedy, but for big oil companies, their CEOs and shareholders, it is a goldmine. In the first year after Russia’s invasion of Ukraine, five of the biggest fossil fuel companies made US $134 billion in profits because of the war. \[1\] In response, some countries created a “windfall tax” to capture some of these additional profits. Only four years later, we are seeing the pattern repeat with this war in the Persian Gulf. **Raking in excessive profits because of a deadly conflict is called war profiteering.** We need more than a temporary “windfall tax”, we need a permanent excess profits tax. **These profits are not “earned”.** When a conflict like the war in Iran drives up global energy prices, oil and gas corporations profit massively. \[2\] In Canada, our main supply of oil does not even come from the Persian Gulf region **and we still face higher gas costs at the pump.** **Canadian oil companies are expected to make 90 billion dollars in additional profit this year because of the U.S. and Israel’s war on Iran. \[3\]** Innocent people are dying in these wars, and the rest of us pay because of the rising costs of essentials like gas, food, heating, and transport. **No one should profit from war and misery.** **Together, we have to demand that our government put a stop to this war profiteering that we pay for**. Let’s tax fossil fuel profits. The money can go to support households and workers during this affordability crisis. **Add your name** to tell the Minister of Finance to create an excess profits tax that is triggered during social and economic crises. People should not have to pay for war profiteering. \[1\] [Crisis year 2022 brought $134 billion in excess profit to the West’s five largest oil and gas companies, Global Witness, February 9 2023](https://globalwitness.org/en/campaigns/fossil-fuels/crisis-year-2022-brought-134-billion-in-excess-profit-to-the-wests-five-largest-oil-and-gas-companies/) \[2\] [$30m an hour: big oil reaping huge war windfall from consumers analysis finds, The Guardian, April 15 2026](https://www.theguardian.com/environment/2026/apr/15/big-oil-huge-war-windfall-consumers) \[3\] [The oil industry is making billions from the Iran war - it should be taxed, Canadian Centre for Policy Alternatives, April 8 2026](https://www.policyalternatives.ca/news-research/the-oil-industry-is-making-billions-from-the-iran-war-it-should-be-taxed/) [Sign the Petition](https://act.greenpeace.ca/en-ca/excess-profit-tax#sign) ## It's time to hold Big oil accountable Canadian oil companies are predicted to generate an extra 90 billion dollars in excess profits this year from the U.S. and Israel’s war on Iran. That’s over $2,000 per Canadian. And it’s not just oil and gas companies: big agribusiness, the defence industry and associated AI and tech firms are all profiting from the crisis. The Government of Canada can prevent corporate war profiteering from making life less affordable by establishing a permanent excess profits tax that is triggered during social and economic crises. ![GP1SX539\_PressMedia (2500px) (1)](https://act.greenpeace.ca/hubfs/GP1SX539_PressMedia%20(2500px)%20(1).jpg) $90 bn is the amount Canadian oil companies are expected to make in additional profit this year because of the U.S. and Israel’s war on Iran. ![GP0SU12IZ\_PressMedia (2500px) (1)](https://act.greenpeace.ca/hubfs/GP0SU12IZ_PressMedia%20(2500px)%20(1).jpg) 2% of Canada’s oil imports come from the Gulf region. ![GP0SU7CHL\_PressMedia (2500px) (1)](https://act.greenpeace.ca/hubfs/GP0SU7CHL_PressMedia%20(2500px)%20(1).jpg) $50 bn the amount that could have been raised between 2021 and 2023 if a surcharge had been applied to profits exceeding 120% following the war on Ukraine. [Sign the Petition](https://act.greenpeace.ca/en-ca/excess-profit-tax#sign) ## Faq ### Lorem ipsum dolor sit amet, consectetur adipiscing elit? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque nisl ligula, pulvinar nec porta nec, dapibus at purus. Suspendisse porta sapien sed risus euismod, id mollis elit sodales. ### Lorem ipsum dolor sit amet, consectetur adipiscing elit? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque nisl ligula, pulvinar nec porta nec, dapibus at purus. Suspendisse porta sapien sed risus euismod, id mollis elit sodales. ### Lorem ipsum dolor sit amet, consectetur adipiscing elit? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque nisl ligula, pulvinar nec porta nec, dapibus at purus. Suspendisse porta sapien sed risus euismod, id mollis elit sodales. ### Lorem ipsum dolor sit amet, consectetur adipiscing elit? Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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