Richard McIntyre: Federated Farmers Spokesperson on banks beginning to stop lending to small petrol stations
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There are concerns that bank's environmental goals will hurt petrol stations.
Federated Farmers says it's been told by small petrol stations that banks will stop lending to them, and all existing debt will need to be paid by 2030.
Spokesperson Richard McIntyre says it's because of commitments to the Net-Zero Banking Alliance.
He told Heather du Plessis-Allan it doesn't seem like they're going after the big players.
Richard McIntyre says they're worried about small communities losing their petrol stations.
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