How fossil fuel prices and profits are making YOUR life more expensive.

Ever wondered what's behind the rising costs on your heating bill or at the gas pumps? It may not be what you think.

Read our reports for a dollars-and-sense breakdown of how the profits pocketed by oil and gas corporations, CEOs, and investors came at the expense of workers and consumers.

The Reports

Evidence on the impact of fossil fuel prices and profits on Canadian living standards.

This is the first in a series of reports to be published by the False Profits project. We’re working to crunch the numbers — check back for more soon.

Report One
March 2025

Counting the Costs

How the spike in world oil prices in 2022 (caused mostly by financial speculation on global futures markets) was the main factor causing the subsequent surge in inflation in Canada (and elsewhere). That oil price spike cost Canadians almost $200 billion over the next three years — $12,000 per household.