PRESS RELEASE: As oil prices spike due to the US bombing Iran, Alberta needs a windfall profits tax on big oil companies

EDMONTON – As global oil prices spike because of the American and Israeli war on Iran, the Alberta Federation of Labour (AFL) is calling on the Government of Alberta to adopt a windfall profits tax on large oil companies in Alberta. “The huge profits that our biggest oil companies are about to reap will be largely unearned,” says AFL president Gil McGowan. “Specifically, these profits will be…

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