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Speaker 1: New Zealand first moving forward on their banking bill that

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Speaker 1: will prevent banks from refusing services based on social or

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Speaker 1: environmental grounds. This is the banked law trouble doesn't needs

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Speaker 1: to be pulled to move forward. The Resources Minister Shane

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Speaker 1: Jones is back with us on that's very good morning

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Speaker 1: to you.

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Speaker 2: Hey morning folks.

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Speaker 1: I didn't realize that it didn't have government support. Do

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Speaker 1: you have government support of it got pulled?

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Speaker 2: You may recall the Finance Minister said if the bill

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Speaker 2: is pulled, and they will certainly look at it. But

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Speaker 2: I think there's probably a growing level of support that

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Speaker 2: we're going to get out of our own way. Mate.

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Speaker 2: This bill is premised on and understanding that New Zealand

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Speaker 2: is currently burdened by a whole bunch of regulations and

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Speaker 2: headwake costs from previous administrations. A particularly offensive part that

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Speaker 2: at which the banks actually comes from the climate reporting

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Speaker 2: obligations imposed in twenty twenty two, and this week bill

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Speaker 2: as an attempt to free the banks from those obligations. Because,

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Speaker 2: as Charlie Buffet's sidekick said, show me the incentive and

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Speaker 2: I'll show you the outcome and the incentive of all

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Speaker 2: these climate reporting obligations has actually driven the banks into

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Speaker 2: this work territory.

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Speaker 1: Chris Luxon on this program last week agreed with you wholeheartedly,

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Speaker 1: but doesn't seem to be in favor of law. Can

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Speaker 1: he do it just by jaw boning the banks out

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Speaker 1: of it or do you think you need law now?

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Speaker 2: The power of the New Zealand based banks is in Australia.

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Speaker 2: The Australians do not have this regime. This was the

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Speaker 2: conceit of the their in covenment, believing that they could

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Speaker 2: outsource the responsibility of stopping China building them by the

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Speaker 2: Cold Fark power station by imposing costs and banks who

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Speaker 2: are passing them on to farmers and miners. So we've

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Speaker 2: got to deal with this ideological bump fluff and if

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Speaker 2: we don't, we're condemned to bear these headway costs driven

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Speaker 2: under the cover of climate. And the country just part

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Speaker 2: reported mate.

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Speaker 1: This is true. Having said that, the counter argument apparently,

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Speaker 1: and Claire Matthews was on from the University this morning,

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Speaker 1: they say it's not about climate, it's about de l

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Speaker 1: They don't want to get involved in businesses that are dying,

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Speaker 1: that aren't profitable, and that's a decision of any bank.

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Speaker 1: Is that fair or not?

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Speaker 2: Well, the bank's have to assess the credit worthiness of

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Speaker 2: any applicant, but don't talk to the farmers. When was

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Speaker 2: it the bank's job to ascertain how much of an

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Speaker 2: emission problem each cow represents? And how businesses, by the way,

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Speaker 2: are selling legitimate goods and services internationally should be closed

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Speaker 2: down by this luxury of the rest. MASSI University has

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Speaker 2: always trotted our banking experts to themselves are disciples of workism.

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Speaker 1: Do you reckon you've got the numbers if it gets pulled,

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Speaker 1: because that would be the worst thing that could happen

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Speaker 1: to you, isn't it.

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Speaker 2: Well? I believe I've got the numbers and two ways.

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Speaker 2: Number one, I've certainly got the numbers in Parliament to

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Speaker 2: gut the energy settings of the New Zealand power sector,

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Speaker 2: and I'm giving a speech about that very shortly. And secondly,

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Speaker 2: I genuinely believe that even Labor realizes that they went

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Speaker 2: too far on all of the climate hysteria. Now, I know,

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Speaker 2: as I've said that the Greens they're going to campaign

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Speaker 2: on it, but we are beset by a set of

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Speaker 2: regulatory impositions that the country can no longer afford. We

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Speaker 2: cannot stop Russia, we cannot stop India, we cannot stop

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Speaker 2: China starting another cold fired power station. They use more

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Speaker 2: cold than twenty twenty four than any other year, and

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Speaker 2: the illinizes the idea of ogical book conceit. New Zealanders

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Speaker 2: can't afford the same experiment made nice talk.

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Speaker 1: You appreciate it. Shane Jones, Resources Minister of Course. For

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