Proponents of imposing a windfall tax on the Canadian oil and gas industry now have another global power setting precedent for the policy. On Wednesday, the European Commission proposed levying such a tax on the energy sector and redirecting funds to households and businesses struggling with high inflation. It estimates the policy would bring in around $186 million in revenue.
This is a difficult budget to do. I don t envy the Finance Minister and finance officials to try and put this together given all the uncertainties that…