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Home Canada

Environment minister slams oilpatch for shelling out sky-high profits to shareholders

by Eric Boland
October 29, 2022
in Canada, COVID-19, Top News
Reading Time: 1 min read
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The federal environment minister is calling out Canada’s oil companies for failing to put cash behind their promises to tackle climate change.

Steven Guilbeault says the country’s major oil players have promised to do something about greenhouse gas emissions but instead have funnelled most of their record-breaking profits to shareholders.

This is at least the third time in the last six months Guilbeault’s frustration has spilled over as oil company profits soar. This time his critiques came in the form of a video posted to Twitter as major petroleum producers began releasing their third-quarter earnings.

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“We’re already putting our money where our mouth

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