Peyto Exploration & Development Corp T.PEY

Italy's Draghi wants to take energy company profits

[ngtraderng]

ROME, Dec 15 (Reuters) - Italian Prime Minister Mario Draghi said on Wednesday that energy companies that have made profits may have to contribute to efforts to curb increases in bills for households and companies.

https://www.reuters.com/business/sustainable-business/italys-draghi-hints-contribution-energy-firms-curbing-prices-2021-12-15/

We could see the same insanity in Canada.

[malx1]

That will be the Liberals next election campaign.  Take money from oil and gas to pay for social spending.

[Yasch22]

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[ngtraderng]

I think the chance of the current Liberal government doing something like that is low but it wouldn't be the first time that a Trudeau tries to rob the oil & gas sector: https://en.wikipedia.org/wiki/National_Energy_Program With rising inflation and cost in everything, politicians are going to be looking at someone to (mis)blame and for new revenue sources. Canada isn't immune to

[alkhor]

ngtraderng Like Sheldon on Big Bang Theory, try to recognize sarcasm when you see it.

[auagntungsten]

Don't give them Ideas.