ComCom to investigate.
Summarised by Centrist
BNZ aims to phase out loans to petrol stations by 2030 due to future credit risks, CEO Dan Huggins told MPs. Federated Farmers urged the Commerce Commission to investigate, claiming the bank’s coordination through the UN-backed Net Zero Banking Alliance might be “cartel-like.” MP Ryan Hamilton criticised BNZ for defunding “mum and dad” petrol station investors, calling it premature amid low EV adoption.
The trial has deepened a rift between the Victorian Liberal party’s conservative and moderate factions – and the result will likely lead to speculation of a leadership challenge.
"Why are we getting involved?"
“Unelected representation is oxymoronic.”
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Contrary to the climate change narrative, the Sun is pretty important.
