Anonymous petrol station owner: Concerned spokesperson speaks out on BNZ signalling end to fossil fuel lending
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
There's concern among petrol station owners, following BNZ signalling its lending period for fossil fuels is ending.
BNZ has informed one business lending to petrol store owners will end - and the bank needs all debt repaid by 2030.
The bank says it's an economic decision, as they're foreseeing people switching to electric vehicles.
An anonymous owner of multiple rural petrol stations says the decision hurts farmers, who will still need diesel.
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