False Profits is a new project of the Centre for Future Work documenting the impact of sky-high fossil fuel prices and profits on inflation, affordability, and the standard of living of Canadian workers and consumers.

With evidence-based research, False Profits exposes how oil and gas corporations have profited at the expense of consumers and workers: driving up costs while reaping record-breaking profits. 

Oil and gas industry advertising claims fossil fuels are essential for affordable living. In fact, fossil fuels have caused inflation, exploited consumers and workers, and made life more expensive.

Check out the first False Profits report: Counting the Costs—Impacts of the 2022 Oil Price Shock for Canadian Consumers and Workers, by Jim Stanford and Erin Weir. documents 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.

For more information on the False Profits project, please visit falseprofits.ca.