News Release
Office of the Official Opposition

   

 

Thistle says government must act to ease the burden of high energy costs

August 16, 2005

Anna Thistle, Opposition Finance Critic and MHA for the District of Grand Falls-Buchans, says as the price of gasoline and energy continuously increases, the people of Newfoundland and Labrador continue to suffer. Thistle says now is the time for government to introduce some type of program that would either cap the windfall tax revenues it is receiving from gasoline consumption, introduce a rebate program for consumers or use the unexpected windfall oil revenues to develop a program that will help people become more energy efficient.

"Over the past several months the cost of gasoline, oil and electricity in this province has risen to record levels," said Ms. Thistle. "While ordinary Newfoundlanders and Labradorians struggle to keep up with these rising costs, their provincial government is sitting back raking in huge profits from the increased price of oil and gasoline taxes at the pumps. The Premier appears unwilling to entertain any type of program that will help address these rising costs.

"This government has already allowed a significant increase in electricity rates, and now appear willing to watch the price of gas and oil skyrocket without providing any type of relief to consumers. While our caucus has argued that a cap should be placed on the taxes that government collects at the gasoline pumps, or a rebate program should be established to help seniors and low income earners subsidize their electricity needs, this government appears unwilling to accept either. Today, I am proposing that government invest some of these windfall profits into a program that would help reduce energy consumption. Whether this be increased investment in public transportation, or subsidies to help people make their homes more energy efficient, something must be done.

"There are only two groups benefitting from the increased price of oil, government and the oil companies. It is time that our Premier gave something back to the people of this province and helped alleviate increasing energy costs. Every dollar that is spent on energy in this province is one less dollar that consumers spend on other goods and services. Unless some type of action is taken, I fear there will be further economic consequences that will be experienced in other sectors of our economy."

 

Media Contact:
Darrell Mercer
Director of Communications
Office of the Official Opposition
709-729-6151 or 709-687-0477