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Speaker 1: Shane Jones has gone off at the banks, and it's

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Speaker 1: understood that New Zealand First could be looking at a

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Speaker 1: member's bill that could force the big banks to lend

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Speaker 1: to any businesses that deal in fossil fuel. Shane Jones

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Speaker 1: says the Australian banks, who dominate the New Zealand market,

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Speaker 1: need to stop being an i quote driven by unelected,

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Speaker 1: unrientated climate apostles. Australia's opposition party is looking at a

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Speaker 1: similar bill to ensure critical businesses like farming and mining

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Speaker 1: are able to access bank lending and services despite how

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Speaker 1: the banks view their businesses. So Richard McIntyre as the

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Speaker 1: banking spokesperson for Federated Farmers and joins me, Now, goodby.

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Speaker 2: To you, Richard, Good morning Andrew.

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Speaker 1: Do you agree with mister Jones.

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Speaker 2: Look, I think this is a really interesting discussion we

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Speaker 2: have to have as a country. Yet, do we want

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Speaker 2: to have our elited government setting laws and deciding what

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Speaker 2: society can and can't do or do we want unelited

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Speaker 2: banks being able to do that? You know, typically, you know,

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Speaker 2: we are quite comfortable for businesses to decide who they

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Speaker 2: do business with or not. And when we have have

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Speaker 2: a sector that plays such a huge role in society,

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Speaker 2: like banks too, and they've got quite a bit of scale,

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Speaker 2: and they're also making rule making agreements like the nen

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Speaker 2: Zari banking lots to act in very similar manners. Then

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Speaker 2: you know, we've really got a question where it's very

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Speaker 2: reasonable for them for them to be doing that.

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Speaker 1: Yeah, but it's their money, and they're the banks, and

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Speaker 1: there's their choice, and that's their freedom of choice. But

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Speaker 1: I understand what you're saying. Have you heard of farmers

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Speaker 1: here having issues accessing lending and other banking services because

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Speaker 1: of their climate practices?

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Speaker 2: So we've got farmers who are being asked for all

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Speaker 2: of their emissions profiles and that sort of thing. We've

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Speaker 2: got the banks who have the vast majority of them

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Speaker 2: so far have set emissions reduction targets for their farmers

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Speaker 2: or for the ag sector, and so that's the real concern.

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Speaker 2: You know what happens after that. We've seen what is

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Speaker 2: happening with B and Z and the petrol stations where

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Speaker 2: you know, individually owned petrol stations, so the local petrol

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Speaker 2: stations and being told that they have to pay back

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Speaker 2: all of the debt that they own that they owe. Sorry,

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Speaker 2: by twenty thirty, and after that they can have no

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Speaker 2: more debt but a transactional account, and that than nothing more.

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Speaker 2: So there's a real question of you know, where is

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Speaker 2: this going to go for farmers if they can't meet

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Speaker 2: whatever targets the banks do set, because you know, what

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Speaker 2: begins in particular are doing to these petrol stations seems

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Speaker 2: completely unreasonable.

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Speaker 1: So what changes would you like to see a new legislation?

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Speaker 2: I guess if new legislation camp forwards, I would like

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Speaker 2: to see in all reality, either far far greater competition

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Speaker 2: in the banking space, so that if banks would decided

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Speaker 2: that individually they wanted to be the moral police of

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Speaker 2: the country, then there'd be enough competitions so that whatever

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Speaker 2: businesses they were declined into fund could actually get lending elsewhere.

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Speaker 2: But I think as a society we just really need

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Speaker 2: to have a really good discussion. And so are we

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Speaker 2: a democratic, critically elected are we proceed? Do we have

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Speaker 2: a democratic really to government that decides what we can

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Speaker 2: and can't do? Or are we happy to leave it

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Speaker 2: up to these big corporates, you know, making decisions overseas

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Speaker 2: about what we can and can't do, what industries they

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Speaker 2: will fund or won't fund. You know, there's an issue

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Speaker 2: there that really deserves some discussion.

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Speaker 1: Richard, I thank you for your time today. Richard McIntyre

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Speaker 1: is from Federated Pharmacy Banking spokesperson.

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