Biden paints oil firms as war profiteers, talks windfall tax
WASHINGTON (AP) — President Joe Biden on Monday accused oil companies of “war profiteering” as he raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.
Biden in brief remarks criticized major oil companies for making record-setting profits while refusing to help lower prices at the pump for the American people. The president suggested he will look to Congress to levy tax penalties on oil tax companies if they don’t begin to invest some of their profits in lowering costs for American consumers. The president issued the warning just days before the Nov. 8 midterm elections.
‘Money for free’: Critics warn proposed Alberta well cleanup plan a royalty giveaway
EDMONTON — Critics fear Alberta’s new United Conservative premier is preparing to bring in a program that would use billions of dollars in taxpayer-funded royalty breaks to subsidize energy companies to fulfil their legal duty and clean up old wells.
The so-called RStar proposal, developed by an industry group, has been criticized by legal experts, energy economists and the province’s own internal analysts.
Details on SaskPower’s proposed 100 megawatt solar facility at Estevan, plus a bonus up to 10 megawatt pilot project on mined land
ESTEVAN – SaskPower held a two day open-house regarding at proposed 100 megawatt solar facility on Oct-26-27 at the Estevan Legion Hall.
In actuality, it’s not just a single project of 100 megawatts, but two projects – a 100 megawatt solar facility and a secondary, up to 10 megawatt pilot project.
Oil giants rake in steep profits amid high energy prices
By Cathy Bussewitz Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income....
Imperial ‘striking a balance’ between shareholder returns and capital spending: CEO
Imperial Oil Ltd. announced Friday that it is raising its quarterly dividend by nearly 30 per cent and also plans to buy back up to $1.5 billion worth of shares — further evidence that shareholders of Canadian oil and gas stocks are reaping the benefits of 2022’s global energy crisis.
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