1 00:00:00,000 --> 00:00:03,000 Speaker 1: There is a scrap brewing between government's political parties and banks. 2 00:00:03,080 --> 00:00:05,480 Speaker 1: Right so, the fossil fuel industry is increasingly worried about 3 00:00:05,480 --> 00:00:08,239 Speaker 1: the attitude of banks towards their industry. Peter Dutton, who 4 00:00:08,360 --> 00:00:10,200 Speaker 1: might well be the new Prime Minister in Australia in 5 00:00:10,200 --> 00:00:12,399 Speaker 1: a couple of months cause banks woke, wants them to 6 00:00:12,440 --> 00:00:14,760 Speaker 1: trick coal and oil and gas like any other business. 7 00:00:14,800 --> 00:00:17,759 Speaker 1: Resources Minister here has jumped on board and there's now 8 00:00:17,840 --> 00:00:19,640 Speaker 1: talk of a member's bill to force the banks here 9 00:00:19,640 --> 00:00:22,480 Speaker 1: to play ball Resources ministers of course Shane Jones. 10 00:00:22,239 --> 00:00:25,079 Speaker 2: As well this morning bonding folks. 11 00:00:25,239 --> 00:00:28,200 Speaker 1: Is there a problem here, a real tangible problem here? 12 00:00:28,360 --> 00:00:30,560 Speaker 1: Is this just a theory that banks aren't playing ball? 13 00:00:32,000 --> 00:00:34,560 Speaker 2: Well, not tomorrow and why he Corrimandel. I'll be giving 14 00:00:34,560 --> 00:00:38,760 Speaker 2: a critical speech and I'll highlight actual examples where mineral 15 00:00:38,840 --> 00:00:43,839 Speaker 2: firms are being debanked by these groupies, climate groupies that 16 00:00:43,840 --> 00:00:48,240 Speaker 2: have infested our banks, driven by this false ideology coming 17 00:00:48,240 --> 00:00:50,720 Speaker 2: out of the United Nations. This is not something new 18 00:00:50,760 --> 00:00:54,040 Speaker 2: I campaigned against this. I actually said during the last 19 00:00:54,080 --> 00:00:57,000 Speaker 2: campaign that New Zealand First would not be frog marched 20 00:00:57,040 --> 00:00:59,720 Speaker 2: to the altar of climate cultism. And this is an 21 00:00:59,760 --> 00:01:04,240 Speaker 2: upper unity to reinforce it ensure that companies that are 22 00:01:04,280 --> 00:01:09,000 Speaker 2: legitimately engaged in regional economies aren't juvenile existence by these 23 00:01:09,040 --> 00:01:11,000 Speaker 2: corporate undertakers in the banking sector. 24 00:01:11,120 --> 00:01:13,119 Speaker 1: The banking sector has already got problems with your government 25 00:01:13,120 --> 00:01:15,440 Speaker 1: around margins and the Commerce Commission and all of that. 26 00:01:15,520 --> 00:01:17,800 Speaker 1: Do they really need a fight like this. 27 00:01:20,880 --> 00:01:23,520 Speaker 2: Or who brought this garbage to the table New Zealand 28 00:01:23,520 --> 00:01:28,880 Speaker 2: At Fursten The banks themselves are writing letters threatening to 29 00:01:29,000 --> 00:01:34,880 Speaker 2: dbank god fearing regional businesses. They have no options in 30 00:01:35,000 --> 00:01:39,800 Speaker 2: terms of transactional banking. They are not breaking any commercial 31 00:01:40,319 --> 00:01:44,000 Speaker 2: they are not breaking any financial they are not breaking 32 00:01:44,000 --> 00:01:48,240 Speaker 2: any statutory law. What they are doing is offending the 33 00:01:48,360 --> 00:01:53,080 Speaker 2: luxury beliefs of these directors and executives and their chemtrail 34 00:01:53,160 --> 00:01:56,520 Speaker 2: ways are wandering around the world spouting about climate chains 35 00:01:56,560 --> 00:01:59,480 Speaker 2: whilst driving regional New Zealand to penury. I've got every 36 00:01:59,520 --> 00:02:00,320 Speaker 2: right to take them. 37 00:02:00,320 --> 00:02:02,920 Speaker 1: Mob is are the banks and hoots on this is 38 00:02:02,960 --> 00:02:04,560 Speaker 1: at each of the major banks. 39 00:02:05,320 --> 00:02:09,040 Speaker 2: Well, I'm astounded that even Kiwi Bank seems to have 40 00:02:09,080 --> 00:02:13,160 Speaker 2: swallowed the green ade here. I mean, if New Zealand 41 00:02:13,200 --> 00:02:15,520 Speaker 2: first had have known that Kiwibank was going to be 42 00:02:15,600 --> 00:02:23,120 Speaker 2: involved in this type of falsehood highly unlikely. We would 43 00:02:23,120 --> 00:02:27,400 Speaker 2: agreed for them to recapitalize on hoping that Kiwibank reconsiders 44 00:02:27,440 --> 00:02:32,160 Speaker 2: their position. Look, there's a market just about to say 45 00:02:32,240 --> 00:02:34,040 Speaker 2: New Zealand, just. 46 00:02:34,040 --> 00:02:37,320 Speaker 1: About the four majors. If the four majors want to 47 00:02:37,320 --> 00:02:40,160 Speaker 1: play that game, why doesn't another bank come in and 48 00:02:40,520 --> 00:02:42,600 Speaker 1: seize the day. 49 00:02:43,680 --> 00:02:47,200 Speaker 2: Well, obviously the Prime Minister and our Finance mist are 50 00:02:47,240 --> 00:02:50,240 Speaker 2: talking about competitiveness in the banks, the Alsie banks, the 51 00:02:50,240 --> 00:02:55,160 Speaker 2: Aussie owned banks, they take their instructions presumably from Australia 52 00:02:55,200 --> 00:02:58,320 Speaker 2: and all power to the hand of mister Dutton. But 53 00:02:58,440 --> 00:03:01,280 Speaker 2: the Kiwi Bank surely can see opportunity here to look 54 00:03:01,320 --> 00:03:03,600 Speaker 2: after Kiwi businesses. I mean, I'm going to tell everyone 55 00:03:03,960 --> 00:03:09,200 Speaker 2: on your program the coal industry is an honest, legitimate industry. 56 00:03:09,639 --> 00:03:13,640 Speaker 2: There was more coal fired power stations started in India 57 00:03:13,720 --> 00:03:16,600 Speaker 2: and China last year. There was more coal sold last 58 00:03:16,680 --> 00:03:19,400 Speaker 2: year than any other time. Because there's an immutable law. 59 00:03:20,120 --> 00:03:24,240 Speaker 2: People will back electricity before they back chilliness. 60 00:03:26,440 --> 00:03:29,480 Speaker 1: It is true. So it's fair enough to a bank, 61 00:03:29,560 --> 00:03:31,680 Speaker 1: so you'll get a cheap loan for a solar panel, 62 00:03:31,720 --> 00:03:35,040 Speaker 1: which is fine, but it's not acceptable if you can't 63 00:03:35,080 --> 00:03:37,080 Speaker 1: get money, if you want to run a legitimate business, 64 00:03:37,120 --> 00:03:41,200 Speaker 1: what legally can you do specifically to make them behave 65 00:03:41,800 --> 00:03:42,320 Speaker 1: if they're not? 66 00:03:43,640 --> 00:03:46,680 Speaker 2: Well? Obviously we've got a fivate members bill. I mean, look, 67 00:03:46,720 --> 00:03:49,560 Speaker 2: every bank in New Zealand has to operate within a license. 68 00:03:49,960 --> 00:03:53,080 Speaker 2: Why on earth should a license be extended to an 69 00:03:53,120 --> 00:03:56,480 Speaker 2: ossie owned bank so they can come here and pose 70 00:03:57,160 --> 00:04:01,200 Speaker 2: their own warp to moral priorities, impose the luxury beliefs 71 00:04:01,880 --> 00:04:06,880 Speaker 2: on garden variety. Kiwis eking out in existence selling minerals 72 00:04:06,920 --> 00:04:13,960 Speaker 2: from regional New Zealand. What citizen mandated these culporate undertakers 73 00:04:14,000 --> 00:04:20,440 Speaker 2: to impose this system of belief upon us. They don't have, well, 74 00:04:20,440 --> 00:04:22,880 Speaker 2: they do have a moral superiority about them. This is 75 00:04:22,920 --> 00:04:26,120 Speaker 2: the hippos. They wander around the world, creating chemtrails, going 76 00:04:26,120 --> 00:04:30,599 Speaker 2: to these irrelevant talk fests. Anyway, climate change regulations in 77 00:04:30,640 --> 00:04:34,440 Speaker 2: New Zealand represent now a major deadway cost har economy 78 00:04:34,480 --> 00:04:35,120 Speaker 2: cannot afford. 79 00:04:35,480 --> 00:04:37,880 Speaker 1: Do you think that with the arrival of Trump and 80 00:04:37,920 --> 00:04:41,640 Speaker 1: that ideology, and potentially the arrival of Dutton and that ideology, 81 00:04:42,160 --> 00:04:43,960 Speaker 1: that this problem could solve itself. 82 00:04:46,000 --> 00:04:49,200 Speaker 2: I think so because the United States of America will 83 00:04:49,240 --> 00:04:54,800 Speaker 2: continue to reduce their challenges in relation to pollution. I mean, 84 00:04:54,839 --> 00:04:58,000 Speaker 2: climate change is not the only problem confronting New Zealand 85 00:04:58,000 --> 00:05:01,520 Speaker 2: and various other nations. We've got oes to other challenging, 86 00:05:03,520 --> 00:05:07,000 Speaker 2: challenging issues to deal with them. Unless we generate economics surplus, 87 00:05:07,080 --> 00:05:11,400 Speaker 2: unless we keep people employed, unless we maintain buoyancy and confidence, 88 00:05:11,680 --> 00:05:13,960 Speaker 2: we won't have the surplus to look after the climate. 89 00:05:14,320 --> 00:05:18,640 Speaker 2: I think that the high tide mark this climate group 90 00:05:18,720 --> 00:05:22,440 Speaker 2: think and all these group is infesting these sustainability units. 91 00:05:22,520 --> 00:05:24,800 Speaker 2: Is usefulness, is ab versity related to the ebb and 92 00:05:24,839 --> 00:05:27,360 Speaker 2: flow of capitalism and New Zealand as well, past its 93 00:05:27,400 --> 00:05:28,320 Speaker 2: high tide bucks. 94 00:05:28,120 --> 00:05:31,080 Speaker 1: Speaking of which, ironically and tired and the television news 95 00:05:31,120 --> 00:05:33,440 Speaker 1: obsessed themselves last night with your behavior, along with your 96 00:05:33,480 --> 00:05:36,359 Speaker 1: leader's behavior towards the Greens in general. Do you do 97 00:05:36,400 --> 00:05:39,080 Speaker 1: you stand down? Do you apologize? Do you double down? 98 00:05:39,080 --> 00:05:39,520 Speaker 1: What do you do? 99 00:05:40,400 --> 00:05:45,400 Speaker 2: No, it's a Mexican standalf Appreciate it. 100 00:05:47,680 --> 00:05:50,160 Speaker 1: James Jones, Resources Minister. 101 00:05:50,680 --> 00:05:53,599 Speaker 2: For more from the Mic Asking Breakfast, listen live to 102 00:05:53,720 --> 00:05:56,800 Speaker 2: news talks that'd be from six am weekdays, or follow 103 00:05:56,800 --> 00:05:58,400 Speaker 2: the podcast on iHeartRadio