1 00:00:00,040 --> 00:00:01,920 Speaker 1: As little in life, as far as I'm concerned, more 2 00:00:02,000 --> 00:00:05,680 Speaker 1: nauseating than a sick effect, people who do not what 3 00:00:05,720 --> 00:00:07,880 Speaker 1: they believe is right, but been to the whim, flavor 4 00:00:07,920 --> 00:00:09,520 Speaker 1: or mood of the day. The corporate world, of course, 5 00:00:09,600 --> 00:00:11,720 Speaker 1: is full of at the tech giants have seen have 6 00:00:11,800 --> 00:00:14,200 Speaker 1: been badly exposed. As they decide fact checking is for 7 00:00:14,280 --> 00:00:16,880 Speaker 1: losers now that Big Don's running the place. The battle 8 00:00:16,920 --> 00:00:18,720 Speaker 1: is being fought locally as well. There is word New 9 00:00:18,840 --> 00:00:20,960 Speaker 1: Zealand First are looking at a member's bill to make 10 00:00:21,040 --> 00:00:24,520 Speaker 1: banks do business properly? How's this possible? Currently? This is 11 00:00:24,560 --> 00:00:27,440 Speaker 1: also major debate in Australia. Banks have taken the stance 12 00:00:27,520 --> 00:00:30,960 Speaker 1: that there are some businesses that they don't like, those dabbling, 13 00:00:31,000 --> 00:00:33,279 Speaker 1: as it turns out in fossil fuels as one of them. 14 00:00:33,560 --> 00:00:36,440 Speaker 1: They've made getting money apparently hard work. They have not 15 00:00:36,479 --> 00:00:39,240 Speaker 1: done this because there isn't profit or because these business 16 00:00:39,360 --> 00:00:41,839 Speaker 1: is default. They have done this because fossil fuels are 17 00:00:41,840 --> 00:00:45,320 Speaker 1: out and climate change is in the coalition in Australia, 18 00:00:45,360 --> 00:00:46,960 Speaker 1: who are at the stage odds on to become the 19 00:00:46,960 --> 00:00:49,920 Speaker 1: government midyear, are going hard because fossil fuels are of 20 00:00:49,960 --> 00:00:52,159 Speaker 1: greater importance to them than they are here, but the 21 00:00:52,240 --> 00:00:54,840 Speaker 1: role of the banks once again is being called into 22 00:00:54,960 --> 00:00:57,760 Speaker 1: question in this country. The government is gunning for them 23 00:00:57,760 --> 00:00:59,920 Speaker 1: over margins and competition. Of course, the last thing they 24 00:01:00,080 --> 00:01:02,240 Speaker 1: need is another fight. I would have thought over their 25 00:01:02,320 --> 00:01:04,720 Speaker 1: right or predilection for doing business with some people and 26 00:01:04,760 --> 00:01:07,840 Speaker 1: not others. Banks, as former chair of our biggest bank, 27 00:01:07,920 --> 00:01:10,039 Speaker 1: John Key quite rightly pointed out on this program a 28 00:01:10,080 --> 00:01:12,920 Speaker 1: number of times, have a very large social license. They're 29 00:01:12,920 --> 00:01:15,080 Speaker 1: a backbone of an economy. It is not their job 30 00:01:15,160 --> 00:01:18,280 Speaker 1: to play politics or play trend set into the groovy 31 00:01:18,319 --> 00:01:21,280 Speaker 1: mood of the day. Fossil fuels remain vital for keeping 32 00:01:21,319 --> 00:01:23,240 Speaker 1: the lights on. Now. You might not like that, but 33 00:01:23,280 --> 00:01:26,160 Speaker 1: it's true. If it changes brilliant right now, it isn't 34 00:01:26,280 --> 00:01:30,039 Speaker 1: or hasn't enough. Morals are personal choices, not business ones, 35 00:01:30,040 --> 00:01:32,360 Speaker 1: and certainly not in businesses with the influenced banks. Have 36 00:01:32,840 --> 00:01:35,040 Speaker 1: the thought that a government and we'll talk to Shane 37 00:01:35,120 --> 00:01:37,319 Speaker 1: Jones about this after seven point thirty, The thought that 38 00:01:37,360 --> 00:01:40,959 Speaker 1: a government might have to legislate to make a business 39 00:01:41,000 --> 00:01:44,520 Speaker 1: behave itself shows you how badly these places are. Reading 40 00:01:44,560 --> 00:01:48,000 Speaker 1: the mood. For more from the Mic Asking Breakfast, Listen 41 00:01:48,080 --> 00:01:51,000 Speaker 1: Live to News talks that'd be from six am weekdays, 42 00:01:51,240 --> 00:01:53,280 Speaker 1: or follow the podcast on iHeartRadio