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Federated Farmers, a lobbying group for all farmers in New Zealand, has sounded the alarm over the devastating effects on rural communities if banks continue to withdraw lending support for petrol stations, particularly those in small towns and rural areas. The organisation has received panicked calls from petrol station owners who are struggling to cope with the banks’ new policies.
Banks are defunding petrol stations by 2030 as part of their commitment to the Net-Zero Banking Alliance, a global coalition of 140 banks convened by the United Nations.
Farmers are also being subjected to unsettling questions from New Zealand banks about farm “emissions” and are facing targets being set by the banks to reduce “emissions.”
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According to documentation provided to Federated Farmers, Bank of New Zealand (“BNZ”) has an internal policy to cease all new lending to petrol stations and require existing debt to be paid back by 2030. This decision is attributed to the bank’s commitment to the Net-Zero Banking Alliance (“NZBA”), which aims to reduce greenhouse gas emissions.
Federated Farmers’ banking spokesperson Richard McIntyre said that petrol stations are often family-owned businesses and without access to bank capital, they will be forced to shut down, leaving communities without a vital service. He urged MPs to question BNZ representatives about their behaviour and to scrutinise their decision-making process.
Expressing grave concerns about the implications of BNZ’s policy, McIntyre said, “This is a significant concern that threatens the viability of rural and provincial petrol stations across the country … Petrol stations are a vital lifeline for rural communities and isolated parts of New Zealand. They provide an important service and that need for fuel is going to exist well beyond 2030.”
“It’s not just farmers who depend on those petrol stations. It’s families trying to get their kids to school, local businesses, contractors and tourists too,” he added.
In a press release, Federated Farmers confirmed it has lodged a formal complaint with the Commerce Commission, requesting an investigation into the lending practices of New Zealand banks, which may be deemed anti-competitive and harmful to rural communities. You can find Federated Farmers’ full complaint to the Commerce Commission HERE.
In New Zealand, five major banks dominate 97.3% of the agricultural lending market. All five of those banks are either directly members of the NZBA or are indirectly affiliated through their parent companies.
Several of the banks have already started to put in place targets for various sectors, including reductions in financed agricultural emissions by 2030. “Increasingly, we are seeing banks asking farmers about their on-farm emissions and setting 2030 emissions reduction targets that look remarkably similar,” McIntyre said. “We’re also increasingly concerned about what will happen to farmers if we’re unable to meet the banks’ emission reduction targets by 2030. Will we effectively be de-banked?”
As reported by RNZ, Federated Farmers wanted the Commerce Commission to investigate what it called cartel-like, anti-competitive behaviour by banks, which it said was being driven by a UN-convened alliance which required clients to meet emissions reduction targets to get lower interest rates. All the major banks in New Zealand – or their parent companies – are part of this Net-Zero Banking Alliance.
NZBA is a United Nations group founded in 2021 which helps banks align their lending and other business activities to match net-zero emissions goals set by governments in 2015, according to Interest. “Goldman Sachs quit the alliance earlier this week, saying it had the capability to achieve its net zero 2050 goal and interim targets without support from the UN group,” the outlet noted.
In August, Interest interviewed Rebekah Cain, BNZ’s Chief Sustainability Officer about banks needing to be a key influence in the push to decarbonise. During the interview Cain said, “Finance was a ‘key lever to pull in order to shift the real economy’ because if ‘something is funded it happens, and if it isn’t funded it doesn’t’.”
Stuart Smith, Chairman of New Zealand’s Finance and Expenditure Committee (“FEC”), must be a listener, Interest said, “because he quoted that interview to [BNZ CEO Dan] Huggins several times during the FEC hearing on Wednesday morning.”
You can watch the FEC hearing below. One of the times Smith quoted Interest’s interview with Cain begins at timestamp 7:10.
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Categories: Breaking News, World News
The insane demolition of our society based on the lie of climate change. This will all come our way of course. It already started in Holland and it’s already happening in the UK, to farms and it won’t be long before the big petrol station owning oil companies start to tow the globalist line. This a crucial part of the globalist’s attack on our freedoms – freedom of movement and freedom to choose what we eat. Unless we revolt, we will become slaves in the truest sense of the word.
its war on mankind…. notinsane but expected from the psycho[athic rulers
anther battle front in the war on mankind
[…] The Rayater6 seconds ago01 mins UN is defunding petrol stations and imposing reduction in farm “emissions” in New Zealand throug… […]
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farmers bank , this is like the wests co-op ? that’s a stronghold for the common people .
[…] https://expose-news.com/2024/12/13/un-is-working-through-new-zealand-banks/ […]
USually sanctions are introduced for state enenmies. Now you know how they see you!
UN was created to avoid another world war. When & where did they go weird?
at the very beginning the biggest driver in modern times was the first and second world wars . From that alone ( there were many sy-ops ) but those two were the big ones for “ the League of Nations “ that led to what we see now as “ n a t o “
and the U N
🙏🙏
The Bible prophesied 7-year Tribulation is at humanity’s doorstep & the time to escape is very short. To read more, pls visit https://bibleprophecyinaction.blogspot.com/
Woke maths –