@@harrywp5785 Another disillusioned dreamer,it's Business as usual for BNZ,there are actually more IMPORTANT issues facing NZ but then simple minds focus on simple issues
That's not really fair... I hear that 100% of liberal leftists who have never been on a farm have determined that farmers don't need petrol. They also say we will also have more efficient farms if we plant all of them in trees. In fact they say all farms should free themselves from all animal exploitation as well. That is the goal. Don't question the "science".
Even worse in Oz where the distances are so much greater. Governments will have to pass legislation to protect vital infrastructure and evs are just not viable yet as the default.
@@Astrodoberman Review our opinions in 5 and the 10 years time. One of us is right. I will not be lending money to petrol station businesses, because I am fond of my money. Even if the odds were 50/50 it is still too dangerous.
@@KuriosDiogenesJar BNZwank managers getting drunk with their woke power. Legal lending docs get drawn up so tight a fart can't escape death's grip, always stacked in the bank's favour....there is never any risk to the bank. They only lend you an umbrella if you already own gumboots, rain-hat and raincoat and promise to never go outside when it rains. if you do happen to go outside in the rain they have a mortgagee sale and sell up your rain gear to recover the high costs of umbrella maintenance, not withstanding you have already paid enough interest to buy 100 umbrellas in the meantime. in 5-10 years time we'll all be under water because the polar ice caps will melt and the heat waves will kill us all.......oops that was falsley prophesied 20 years ago perhaps I'm wrong????
I hope every single customer of the BNZ goes to their BNZ branch and closes it ,no if's or but's or maybe. I know the green mob won't, but if you think, why should you go to this trouble!? That is simple, they will ( BNZ ) come after you, your family members, and your friends, businesses, employers, and employees, this has started in the UK. The only thing that will stop corporate overreach is to hurt their profits.
This isn't just one bank, you can't just leave a bank and go somewhere else, they are all doing it. All partnered with Blackrock and adopting 'ESG' policies. What really needs to happen is the govt needs to prosecute the banks for being architects of social manipulation, where they have no mandate
Govts themselves are doing this. Who voted any govt in to promote the trans ideology? I hope all those affected get their day in court in years to come but look at what happened to the families affected by Agent Orange - left high and dry until most of the worst affected had died after decades of being ignored.
Time to get together in the 100's of thousands and all support the bank that will trade in cash in the future ,and keep politics out of the banking industry.Boycott the BNZ Now and any bank that tries the same tactics.??
Thanks to Roger Douglas, Derek Quigley, Ruth Richardson and their fellow travellers who made it possible for the BNZ to be sold to private interests. We lost an important backstop.
good point , and what do our delivery service trucks fill up on?, will BNZ staff stop eating at their customer's cafes and restaurants supplied by deisel trucks?
The urban left seem to actually believe products magically appear in the shop concerned. Primary production, manufacturing, and distribution doesn't exist.🤷
I've recently seen a few Bank job applications and they are so woke! The questions they ask seem borderline inappropriate questions to ask. I saw a BNZ one asking if I was Maori and what my pronouns are 😮
If BNZ are going to have a stand on fossil fuels and lending then they also need to cease lending to any fashion related businesses because they require a huge amount of oil to produce the synthetic materials that go into fast fashion which is causing a bigger problem to our environment than gas is so where are they drawing the line here they're getting involved in something that they don't understand
Also medical companies, hospitals, doctors, pharmacies, construction, all retail, anything that uses any type of plastics or plastic type product...in other words every forken business on the planet!!
Exactly BNZ obviously think the public is stupid and only think oil is used for petrol when it's actually used in just about every product you buy from your laptop to the cosmetics you purchase to the clothes you wear
Simple all the fuel stations should band together and refuse BNZ card as a form of payment. Appalling woke decision from BNZ that will undermine their own business.
@ since when and what has the government got to do with enforcing environmental policies on the Banks and if so why not other businesses that affect the environment.Kiwibank was able to refinance their mortgage so what you are saying does not stack up
@@KeithFletcher-kb5dv Since when has the government got anything to do with enforcing or influencing market direction of private entities through legislation? You must be new to earth.
Probably every retail shop, supermarket, electronic, clothing, vehicle retailer, tar on our roads etc has a direct link to oil or its bi products. Either the bofans at BNZ don't know this or these shops will be next.
The major banks have already put firearms businesses on the "do not lend" list. Starting to feel that anything rural or self sufficient is getting targeted by the corporates
Although the bank is a private business & has every right to decide who's a customer. Unless there's a law broken then i see a need for the banking ombudsman to look into this as the bank isn't creating carbon by doing business with a petrol station & as far as i'm aware there has never been a prediction come true regarding climate nor do all scientists agree. Personally the bank should butt out & if not then it needs to be taught a bud light
When I was at college over 50 years ago, we attended a lecture about the energy source that was about to change the energy market.Hydrogen cells.Big excitement. Still waiting.
How bloody stupid. Are all BNZ management and employees going to start riding bicycles to work. I bank with the BNZ but now seriously considering going somewhere else, but who is any better? The ridiculously woke ads for ASB count them out that's for sure.
Also isn't BNZ breaking some kind of consumer law misleading via its brand being called Bank of New Zealand when it is actually an australian-owned bank someone should complain about this I might look into it commerce commission potentially.
@@alistermacpherson7120 this type of complacency is what gives woke the tracks to run on. Good on you Maryseugg you go girl !!!, the war on woke is just beginning !!!
Can i please correct you Sean. It will never be hydrogen or electric. Unless the consumers become millionaires pretty quickly. 2025 will sort this out for good.
No doubt there will be other lenders/banking institutions will see this as an opportunity to happily do business with anyone as long as its financially viable regardless of industry
I think TSB and SBS were rated the least woke NZ banks. There aren't branches near me (that I know of) but I do most banking online anyway so... (edited)
This is the toe in the water of ESG’s, through the UN , obviously it’s for our benefit and that these people genuinely love the planet. Also vanguard owns BNZ, my mortgage guy openly admitted it when I questioned him. are we seeing a pattern forming?
Kiwis should vote with thier feet and dump service industries like BNZ that can't spell.service . Once they are bleeding customers thier dedication to woke will miraculously change
Luxton spoke about this on zb this a.m.sounded abit pissed off with them and will be talkihg to banks about this in the upcoming banking enquirey.betcha they are invested in the mining industry in australia.
Please excuse my People , I'm currently involved with the reshaping of Europe , And the Defence of Greater Britain , and Canada , And the development of Africa , And South America ,with Australia is of particular importance to me , family and all that stuff 😂🤣😂🤣🤣🤣"🤲" 😉😘😎🎱
The Banks with this attitude are Nuts, somehow the JACINDA effect will all be eating Humble Pie & the Dreams of Electric Cars owned by everyone without a capacity to Re- Charge them all is just a Mirage on the Horizon. Go Matakana Gull.
@@alistermacpherson7120 You might be surprised to know that a lot of people will assume the BNZ as a New Zealand company and maybe putting their money there thinking they're supporting New Zealand when the profits are actually being siphoned off to Australia. Why would you say who cares. Slap head
Last I heard they are in trouble because they were extracting cheap uranium out of Africa, but the country involved wanted to kick them out. Not sure how or if the situation was resolved. This was a couple of years ago.
I'm ur gd old kiwi dad.went to BNZ .want to put some cash oh mine into my daughter's account in bnz to help with her car repair bill.they wudnt accept my cash.😂😂.fact.mmmm cashless society coming I fear.control of us peasants in wat we do with our money.😊
Independent petrol retailers are not the fuel companies. Where I live over the last 6 months we've seen 3 Independent petrol retailers close. One was BP, two Caltex. All on main roads, all busy. But if they can't get say a loan to upgrade their premises, can't sell their business because buyers cant get loans...or something like that, they are gone? I thought it strange but now I'm wondering what else is going on.
This really shouldnt be news. This has been building for years, right in front of your eyes. You're just now starting to see government/corporate driven climate policy impact your everyday lives.
Sean, your closing comments on the future of Hydrogen as an alternative to fossil fuels are widely disputed. With current technology hydrogen fails as a viable alternative fuel source due to fundamental inefficiencies and economic challenges. Its production is energy-intensive, with significant losses during electrolysis, compression, and transportation. While hydrogen initially seems promising, it requires more energy to produce than it generates, achieving only 38% efficiency compared to electric vehicles' 80%. The infrastructure is prohibitively expensive compared to electricity, with limited refueling stations and high production costs. Cost efficient ransportation of the smallest molecule is highly challenging if not practically impossible, and the pipe connecting your car to the hydrogen source often freezes on due to the low temperature of the hydrogen. Rare metals like iridium needed for fuel cells are in short supply, and most hydrogen production methods remain environmentally harmful. Battery electric vehicles consistently outperform hydrogen in cost, efficiency, and practicality, making hydrogen an impractical solution for sustainable transportation. Of course, this may change with evolving technology, but the basic physics of hydrogen production make electricity a better alternative for the foreseeable future.
Well inflation is down but prices are up how do you like the first round of fart tax hope you like 16 dollars for a pound of butter 20 per kg mince we have to pass it on enjoy you wanted this.
Is this not a good opportunity to change bank, yes its a pain in the ass but they are a shit bank anyway and this is what you wonted to do for years, LOL
BNZ wants to wind up all outstanding loans to petrol stations over the next six years to reduce or eliminate exposure to fossil fuel risk, CEO Dan Huggins told MPs. We’ve looked at our exposure to petrol stations and then we’ve looked at the long term future of those businesses, recognising that we expect conversion to electric vehicles to change demand for fuel services. Therefore, from a credit perspective, we’ve said, look, we have enough exposure in that space and don’t want to increase that exposure. Stuart Smith, Chairman of the Finance and Expenditure Committee (FEC), asked Huggins and BNZ Chairman Warwick Hunt about a Federated Farmers press release, which alleged the bank had a policy against new lending to petrol stations and were requiring existing debt to be paid off by 2030. Huggins said this was correct but it was because of the credit risk petrol stations could pose in the future, rather than being motivated by climate targets or policies.
They are full of b lsh t. There will be a lot of cars still requiring petrol in 2030, even in the unlikely event that there are no more sales of petrol or hybrid vehicles. And this case was that of a guy with a property investment which happens to be run by their tenant as a service station. There will always be value in property. And they will remain happy to take profits out of customers who still rely on ICE vehicles, which to be honest really is everybody. How do people think their EV was produced, got delivered to them, and how the electricity infrastucture was provided? With a hell of a lot of fossil fuel consumption, that is how. And that is going to be the case for a long time.
Using hydrogen as a fuel is like using energy to roll a ball up a hill so you can gain back a percentage of that energy when it rolls down. That is a lunatic proposition. Some very major things are going to have to change to make an arrangement like that economically and thermodynamically feasible. If Banks like the BNZ prefer acceptance in DEI circles rather than servicing their customers, it's time to make other arrangements.
Yeah! that's right Sean. Welcome to the farken AWAKENING You got off to a miserable start with 2020 the 201 Event But! we forgive you for being a late Boomer, I mean bloomer, you dirty BOOMER, Lo! 👍
I would be nervous about buying a petrol station these days. Over the next 5-10 years cars will mostly move to electricity, unless a better fuel is found. House owners will likely charge at home. If you disagree please feel free to go broke. People making wooden cart wheels had the same problem in the early 20th Century.
Highly doubt that. Where are you getting the electricty from, won't be from the National grid when we all get told we can't generate enough to keep the lights on. There is no dependable source.
@@alistermacpherson7120 A 50% drop in turnover would be a huge financial problem. Less profit means that a good percentage go broke. Even today it is possible to find someone to shoe your horse, but far less than 100 years ago. Petrol cars pretty much replaced cars in New York over a ten year period. If I have money in a bank, I would prefer that they were snivelling cowards.
@@Astrodoberman Houses and some businesses can already self supply. The machinery is getting cheaper. My current house was connected to the grid in 1993. The cost in today's dollars would have made it grid independent four or more times over, with no 3 monthly electricity bills.
I don't think it's just green bloody mindlessness on BNZ's part, there's some commercial sense behind it. Where I live in urban Auckland my guess is about 5% of the observed fleet is fully electric. My guess would be that another 3% are plug-ins and a whopping 8%+ are economical hybrids. My wife and I have just replaced our petrol cars with hybrids achieving 5L/100km or even less. So BNZ are reading the tea leaves that we are looking at an approximate 15% reduction in petrol sales now and a growing trend into the future. This obviously means a reduction in sales and profits as the retail fuel industry is forced to rationalize.
Electric cars are a scam. You are now dealing in child labour digging out these precious metals to use in your batteries in countries hard done by. There's more harm to the environment this way, because these batteries are toxic, than using oil and gas. Not to mention that these precious metals fall far short of running an automotive industry. But fret not, the electric scam is only a decoy. What they really want is for us to take public transport and for us to bicycle. So welcome to fifteen minute cities. Ever seen hunger games. We'll all soon will.
the other side of the same tea leaves, it shows a change back to diesel and petrol as being more reliable and less problematic with failing batteries and insufficient imported Indonesian coal fired power stations to recharge power grid with an even bigger carbon footprint than current conventional fuel. Not to mention the toxic disposal of colossal dead batteries and inconvenience of short recharging distances which are a pain adding hours onto a long trip. Vegan Virtue signallers have been sold a lie and on-selling it in the bnz bored rooms.
i love my 5 litre 480hp lexus .. love doing 5km / litre ... i pay the petrol bill so it's no ones business .. i wonder if you understand the petrol used in making ALL the parts for a EV or hybrid .. plus realistic life of these cars and costs at the later stages of car life ,, as if our pathetic emissions nz puts out makes any differance to their climate ' truth ' .. total BS
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No support for small businesses.....No loans for the Petrol retail stations.. Time to boycot the BNZ....
The answer is simple. Nobody working for BNZ should be allowed to buy petrol from any petrol station in NZ. They'll come around
Yep, and anything made from petrolium ie plastic etc. Hippocrits.
Nor should they be allowed to fly on any plane fueled by petroleum products.
Now that is a real practical approach to these arrogant banks with their narrow minded WEF propaganda they are attempting to pedal .
@@harrywp5785 Another disillusioned dreamer,it's Business as usual for BNZ,there are actually more IMPORTANT issues facing NZ but then simple minds focus on simple issues
They need the Bud Light treatment
yeah, what other bank you going with?
@@mra4955 they'll all be irrelevant when cbdc is introduced
this is another part of the war on rural living and food supply neither of which will exist without petroleum
That's not really fair... I hear that 100% of liberal leftists who have never been on a farm have determined that farmers don't need petrol. They also say we will also have more efficient farms if we plant all of them in trees. In fact they say all farms should free themselves from all animal exploitation as well. That is the goal.
Don't question the "science".
Even worse in Oz where the distances are so much greater. Governments will have to pass legislation to protect vital infrastructure and evs are just not viable yet as the default.
@@damionkeeling3103 Well Mastermind Petroleum ain't going to here for ever.
They want you in low emission 15 minute cities not rural! How dare you have freedom and your own space!
How about a customer boycott of the BNZ?
No worries. I am a starter
I want to. But what other bank? They all signed up to ESG policy.
I'm leaving bnz Monday. I am to an ex staff member. Go woke to go broke.
@@mra4955I don't think they are all refusing loans though. So there are at least four, ANZ, Westpac, ASB, Kiwibank.
@@jamesoneil4905 which bank?
About time it ceased to be called the Bank of New Zealand isn't it, for it is not owned by New Zealand or headquartered in New Zealand...
Seem to recall NZ Govt bailed them out a few years back.
Well done Sean
The arrogance of BNZ and their virtue signalling! Customers should leave the BNZ in droves ...Disgraceful behaviour by BNZ.
It is not virtue. Petrol stations are a bad risk. They are about to go obsolete.
@@KuriosDiogenesJar In what lifetime?
@@Astrodoberman Review our opinions in 5 and the 10 years time. One of us is right. I will not be lending money to petrol station businesses, because I am fond of my money. Even if the odds were 50/50 it is still too dangerous.
@@KuriosDiogenesJar BNZwank managers getting drunk with their woke power. Legal lending docs get drawn up so tight a fart can't escape death's grip, always stacked in the bank's favour....there is never any risk to the bank. They only lend you an umbrella if you already own gumboots, rain-hat and raincoat and promise to never go outside when it rains. if you do happen to go outside in the rain they have a mortgagee sale and sell up your rain gear to recover the high costs of umbrella maintenance, not withstanding you have already paid enough interest to buy 100 umbrellas in the meantime.
in 5-10 years time we'll all be under water because the polar ice caps will melt and the heat waves will kill us all.......oops that was falsley prophesied 20 years ago perhaps I'm wrong????
BNZ just lost my business
@@blairhammond5456 same. But for who?
Petrol station owners should refuse to sell bankers petrol... this draconian edict comes from blackrock....
They will have to drive a bullet proof Cybertruck. At least they do not rust out like an Anglia 105E or a Holden Monaro.
I hope every single customer of the BNZ goes to their BNZ branch and closes it ,no if's or but's or maybe. I know the green mob won't, but if you think, why should you go to this trouble!? That is simple, they will ( BNZ ) come after you, your family members, and your friends, businesses, employers, and employees, this has started in the UK. The only thing that will stop corporate overreach is to hurt their profits.
Loser
Won't be long, and banks will treat all of us in the same manner.
And you will continue to take it
@canUfeelMYface No way out. Currency will soon be digital.
@@georgemooyman7155 They do now
I would never put a $1 dollar into the bnz they are full of bs
Ditto
oh yeah, which bank are you with?
@mra4955 kiwi bank
I was a BNZ customer..
@@geofflewis8599 Gee they will miss you.
This isn't just one bank, you can't just leave a bank and go somewhere else, they are all doing it. All partnered with Blackrock and adopting 'ESG' policies. What really needs to happen is the govt needs to prosecute the banks for being architects of social manipulation, where they have no mandate
and prosecute architects of social manipulation where they have a mandate.
Govts themselves are doing this. Who voted any govt in to promote the trans ideology? I hope all those affected get their day in court in years to come but look at what happened to the families affected by Agent Orange - left high and dry until most of the worst affected had died after decades of being ignored.
@@mark561 the government is literally the ones forcing banks to do this smh
Great story ... onya Leaine
Time to get together in the 100's of thousands and all support the bank that will trade in cash in the future ,and keep politics out of the banking industry.Boycott the BNZ Now and any bank that tries the same tactics.??
Thanks again jacinda and her woke buddy's taking us back to the stone age while they fly around the world first class..
Thanks to Roger Douglas, Derek Quigley, Ruth Richardson and their fellow travellers who made it possible for the BNZ to be sold to private interests. We lost an important backstop.
...and we want a cashless society!?
People need to think of the implications of a cashless society.
@@bronwynshelley966 yes tracking your dollar and restrictions on you money if you dont conform with the govt of the day{aka }communists
The citizen do not want a cashless society.
No we do not the controllers do
Cashless society? My backside.
Leave the woke BNZ now. Moral hypocrites.
They are not the only bank setting off down this path.
Oohh no, not the terrifying wokeness. Lordy lordy save us all.😂
@@DrRatweasel Not woke. Just out of touch with the real world
@@andrewm8610 yes, but leave them for which bank?
What do they think our Ambos, Police vehicles, and Fire appliances fill up on?
good point , and what do our delivery service trucks fill up on?, will BNZ staff stop eating at their customer's cafes and restaurants supplied by deisel trucks?
They don’t care , we just suffered an asymmetrical warfare attack called Covid , killed many when are people going to wake up
Or planes fly on or food is produced and delivered by?
@@nickcarter6640 Not to mention much of our clothing manufactured with and by fossil fuels.
The urban left seem to actually believe products magically appear in the shop concerned. Primary production, manufacturing, and distribution doesn't exist.🤷
BNZ banking. Soon to be irrelevant
Could this be NZ's first Bud Light moment???????
Nah, mainstream news was.
We need to get our pay in cash and then banks will listen to us instead of bullying us
I've recently seen a few Bank job applications and they are so woke!
The questions they ask seem borderline inappropriate questions to ask.
I saw a BNZ one asking if I was Maori and what my pronouns are 😮
@@Harkness197 Giess you didn't want the job
Could also have a lot to do with Blackrock.
If BNZ are going to have a stand on fossil fuels and lending then they also need to cease lending to any fashion related businesses because they require a huge amount of oil to produce the synthetic materials that go into fast fashion which is causing a bigger problem to our environment than gas is so where are they drawing the line here they're getting involved in something that they don't understand
Also medical companies, hospitals, doctors, pharmacies, construction, all retail, anything that uses any type of plastics or plastic type product...in other words every forken business on the planet!!
Exactly BNZ obviously think the public is stupid and only think oil is used for petrol when it's actually used in just about every product you buy from your laptop to the cosmetics you purchase to the clothes you wear
Simple all the fuel stations should band together and refuse BNZ card as a form of payment. Appalling woke decision from BNZ that will undermine their own business.
The BNZ should stay out of these issues and just concentrate on banking services
@@KeithFletcher-kb5dv all the banks are required to consider climate related 'risks' in their lending services. This is government.
@ since when and what has the government got to do with enforcing environmental policies on the Banks and if so why not other businesses that affect the environment.Kiwibank was able to refinance their mortgage so what you are saying does not stack up
@@KeithFletcher-kb5dv Since when has the government got anything to do with enforcing or influencing market direction of private entities through legislation?
You must be new to earth.
@@mra4955 I think you are reading my reply all wrong as what you are saying agrees with what I am saying
@@KeithFletcher-kb5dv probably.
Don’t bank with them. People Power💪
Wait till CBDC arrives, there's potential for a lot more of this, on all sorts of political whims.
No it will be total control of everything down to the air you breath
Probably every retail shop, supermarket, electronic, clothing, vehicle retailer, tar on our roads etc has a direct link to oil or its bi products. Either the bofans at BNZ don't know this or these shops will be next.
The major banks have already put firearms businesses on the "do not lend" list. Starting to feel that anything rural or self sufficient is getting targeted by the corporates
Ongoing western hoplophobia, eagerly seized upon for virtue signaling.
It's not just BNZ ,they all are going to do it.
Think we'll change to Rabo bank..
The bank that forces foreclosures and collects farms. Good idea....
over the last six years I have visited this station every time I have been through Matakana, mainly to get fresh Ice, always good service.
Sean - The major trading banks are flirting with banking services withdrawal from farmers/farming as well. Worth a look, do you think?
And organisations like The Platform will be next.
Close them down. Must be a green in charge of bnz.
Classic mindless moronic statement.
Maybe they have been offered tax breaks if they don't lend to the petroleum industry.
Didn't the govt in the past bail the bnz out
Twice........
BNZ policy seems counter productive to me. Petrol stations are putting EV chargers in.
I don't know why................
They will
Go bankrupt 😂
Although the bank is a private business & has every right to decide who's a customer. Unless there's a law broken then i see a need for the banking ombudsman to look into this as the bank isn't creating carbon by doing business with a petrol station & as far as i'm aware there has never been a prediction come true regarding climate nor do all scientists agree.
Personally the bank should butt out & if not then it needs to be taught a bud light
Hydrogen is going nowhere.
I was with you until the hydrogen reference as being the answer. Pipe and dreams came to mind, check on all the failed and costly experiments to date.
When I was at college over 50 years ago, we attended a lecture about the energy source that was about to change the energy market.Hydrogen cells.Big excitement. Still waiting.
NAB (National Australian Bank) , own the BNZ.
How bloody stupid. Are all BNZ management and employees going to start riding bicycles to work.
I bank with the BNZ but now seriously considering going somewhere else, but who is any better?
The ridiculously woke ads for ASB count them out that's for sure.
TH-cam hero WEF UN Ardern effect.
Also isn't BNZ breaking some kind of consumer law misleading via its brand being called Bank of New Zealand when it is actually an australian-owned bank someone should complain about this I might look into it commerce commission potentially.
Is that the most important issue in your life
@@alistermacpherson7120 this type of complacency is what gives woke the tracks to run on. Good on you Maryseugg you go girl !!!, the war on woke is just beginning !!!
Can i please correct you Sean. It will never be hydrogen or electric. Unless the consumers become millionaires pretty quickly. 2025 will sort this out for good.
No doubt there will be other lenders/banking institutions will see this as an opportunity to happily do business with anyone as long as its financially viable regardless of industry
NAB in Aussie. This is nonsense…..but there is a Lot of silliness going on in this country!
As a kiwi in Australia who banks with BNZ’s parent NAB. I’ve just closed my account and pulled any relationship with a woke banking institution
I think TSB and SBS were rated the least woke NZ banks. There aren't branches near me (that I know of) but I do most banking online anyway so... (edited)
I love it Sean, some Lanyard Wearing……plonker. Yes Matakana is a Great Spot up North.
This just proves that this isnt just a conspiricy! As much as Sean likes to rubbish everyone
Bankers ... there's a word that sounds similar and comes immediately to mind.
You are a bank not a political advocate for the greens.
Funny look how many tesla cars are on the roads we don't have power to run them
Our power bills are going up to service the owners of Teslas and other Electric cars.
ESG Corporate Environmental Social Governance at play.
Do they not realise that ICE vehicles are going to be around for decades to come?
This is the toe in the water of ESG’s, through the UN , obviously it’s for our benefit and that these people genuinely love the planet. Also vanguard owns BNZ, my mortgage guy openly admitted it when I questioned him. are we seeing a pattern forming?
Recommendation, just dont go with BNZ.
kiwibank is woke asf too. He'd be better off with Co-operative I think.
Coop are not good either. There staff were mandated to be Vxd or couldn't work.
@@austingtir they'll all in on it
no - there is no way that hydrogen can be used for this. Thats a ridiculous idea. Shows how mad people are
National Australia Bank
If he were to, "Grow a pair" would that mean four of them bouncing around down there?
Kiwis should vote with thier feet and dump service industries like BNZ that can't spell.service . Once they are bleeding customers thier dedication to woke will miraculously change
Hydrogen? LOL. No chance. And good luck finding a petrol station in a few years. BEV’s are here to stay.
Net zero is rubbish, wish the greens would stop wasting fuel on so many flights.
Luxton spoke about this on zb this a.m.sounded abit pissed off with them and will be talkihg to banks about this in the upcoming banking enquirey.betcha they are invested in the mining industry in australia.
You actually listen to ZB?
So I hope the BNZ has no accounts for car dealerships ?
" The borrower is subservient to the lender " ...grasshopper...
Please excuse my People ,
I'm currently involved with the reshaping of Europe ,
And the Defence of Greater Britain , and Canada ,
And the development of Africa ,
And South America ,with Australia is of particular importance to me , family and all that stuff 😂🤣😂🤣🤣🤣"🤲" 😉😘😎🎱
The Banks with this attitude are Nuts, somehow the JACINDA effect will all be eating Humble Pie & the Dreams of Electric Cars owned by everyone without a capacity to Re- Charge them all is just a Mirage on the Horizon. Go Matakana Gull.
BNZ are a rubbish bank
Sean can you put a poll on your channel asking if people think the BNZ is New Zealand owned
Most of us already know,who really cares
@@alistermacpherson7120 You might be surprised to know that a lot of people will assume the BNZ as a New Zealand company and maybe putting their money there thinking they're supporting New Zealand when the profits are actually being siphoned off to Australia. Why would you say who cares. Slap head
France has been using nuclear for several decades. Does anyone know how that has gone.
Last I heard they are in trouble because they were extracting cheap uranium out of Africa, but the country involved wanted to kick them out. Not sure how or if the situation was resolved. This was a couple of years ago.
Closing my account tomorrow
@@janemorgan5477 where you going?
Stop taking BNZ cards as payment.
I'm ur gd old kiwi dad.went to BNZ .want to put some cash oh mine into my daughter's account in bnz to help with her car repair bill.they wudnt accept my cash.😂😂.fact.mmmm cashless society coming I fear.control of us peasants in wat we do with our money.😊
You've seen their profits Sean... Fuel companies do not need loans.
Independent petrol retailers are not the fuel companies. Where I live over the last 6 months we've seen 3 Independent petrol retailers close. One was BP, two Caltex. All on main roads, all busy. But if they can't get say a loan to upgrade their premises, can't sell their business because buyers cant get loans...or something like that, they are gone? I thought it strange but now I'm wondering what else is going on.
This really shouldnt be news. This has been building for years, right in front of your eyes.
You're just now starting to see government/corporate driven climate policy impact your everyday lives.
Sean, your closing comments on the future of Hydrogen as an alternative to fossil fuels are widely disputed. With current technology hydrogen fails as a viable alternative fuel source due to fundamental inefficiencies and economic challenges. Its production is energy-intensive, with significant losses during electrolysis, compression, and transportation. While hydrogen initially seems promising, it requires more energy to produce than it generates, achieving only 38% efficiency compared to electric vehicles' 80%. The infrastructure is prohibitively expensive compared to electricity, with limited refueling stations and high production costs. Cost efficient ransportation of the smallest molecule is highly challenging if not practically impossible, and the pipe connecting your car to the hydrogen source often freezes on due to the low temperature of the hydrogen. Rare metals like iridium needed for fuel cells are in short supply, and most hydrogen production methods remain environmentally harmful. Battery electric vehicles consistently outperform hydrogen in cost, efficiency, and practicality, making hydrogen an impractical solution for sustainable transportation. Of course, this may change with evolving technology, but the basic physics of hydrogen production make electricity a better alternative for the foreseeable future.
Bnz have the right to
No big deal
Until they de-bank you.
@@mrsilwood2578 it's not bnz. It's the government
They give you an umbrella when it is sunny and take it away when it is raining
Where you their when Ari Vatanan, Walter Röhrl, Stig Blomqvist, Hannu Mikkola and Michelle Mouton came through from Warkworth?
...there...
whos choice is it- been spoilt all this time big business rules no matter what industry and you cant do shit about it.
Well inflation is down but prices are up how do you like the first round of fart tax hope you like 16 dollars for a pound of butter 20 per kg mince we have to pass it on enjoy you wanted this.
so is it time all kiwis joined together and switch to kiwi bank, and support our country? I'm with BNZ but now re thinking seriously.
Is this not a good opportunity to change bank, yes its a pain in the ass but they are a shit bank anyway and this is what you wonted to do for years, LOL
BNZ wants to wind up all outstanding loans to petrol stations over the next six years to reduce or eliminate exposure to fossil fuel risk, CEO Dan Huggins told MPs. We’ve looked at our exposure to petrol stations and then we’ve looked at the long term future of those businesses, recognising that we expect conversion to electric vehicles to change demand for fuel services.
Therefore, from a credit perspective, we’ve said, look, we have enough exposure in that space and don’t want to increase that exposure.
Stuart Smith, Chairman of the Finance and Expenditure Committee (FEC), asked Huggins and BNZ Chairman Warwick Hunt about a Federated Farmers press release, which alleged the bank had a policy against new lending to petrol stations and were requiring existing debt to be paid off by 2030.
Huggins said this was correct but it was because of the credit risk petrol stations could pose in the future, rather than being motivated by climate targets or policies.
They are full of b lsh t. There will be a lot of cars still requiring petrol in 2030, even in the unlikely event that there are no more sales of petrol or hybrid vehicles. And this case was that of a guy with a property investment which happens to be run by their tenant as a service station. There will always be value in property. And they will remain happy to take profits out of customers who still rely on ICE vehicles, which to be honest really is everybody. How do people think their EV was produced, got delivered to them, and how the electricity infrastucture was provided? With a hell of a lot of fossil fuel consumption, that is how. And that is going to be the case for a long time.
Using hydrogen as a fuel is like using energy to roll a ball up a hill so you can gain back a percentage of that energy when it rolls down. That is a lunatic proposition.
Some very major things are going to have to change to make an arrangement like that economically and thermodynamically feasible.
If Banks like the BNZ prefer acceptance in DEI circles rather than servicing their customers, it's time to make other arrangements.
Hypercritical
Man made fuel is already a thing. F1 has been working on it.
Yeah! that's right Sean. Welcome to the farken AWAKENING
You got off to a miserable start with 2020 the 201 Event
But! we forgive you for being a late Boomer, I mean bloomer,
you dirty BOOMER, Lo!
👍
I would be nervous about buying a petrol station these days. Over the next 5-10 years cars will mostly move to electricity, unless a better fuel is found. House owners will likely charge at home.
If you disagree please feel free to go broke. People making wooden cart wheels had the same problem in the early 20th Century.
I think you are getting ahead of yourself,yes eventually but not quite as quickly as you believe
Highly doubt that. Where are you getting the electricty from, won't be from the National grid when we all get told we can't generate enough to keep the lights on. There is no dependable source.
@@alistermacpherson7120 A 50% drop in turnover would be a huge financial problem. Less profit means that a good percentage go broke. Even today it is possible to find someone to shoe your horse, but far less than 100 years ago. Petrol cars pretty much replaced cars in New York over a ten year period. If I have money in a bank, I would prefer that they were snivelling cowards.
@@Astrodoberman Houses and some businesses can already self supply. The machinery is getting cheaper. My current house was connected to the grid in 1993. The cost in today's dollars would have made it grid independent four or more times over, with no 3 monthly electricity bills.
I don't think it's just green bloody mindlessness on BNZ's part, there's some commercial sense behind it. Where I live in urban Auckland my guess is about 5% of the observed fleet is fully electric. My guess would be that another 3% are plug-ins and a whopping 8%+ are economical hybrids. My wife and I have just replaced our petrol cars with hybrids achieving 5L/100km or even less. So BNZ are reading the tea leaves that we are looking at an approximate 15% reduction in petrol sales now and a growing trend into the future. This obviously means a reduction in sales and profits as the retail fuel industry is forced to rationalize.
Bit hypocritical having a Hybrid Car. Good luck with your Battery range when they decide to shut down Petrol stations.
Electric cars are a scam. You are now dealing in child labour digging out these precious metals to use in your batteries in countries hard done by. There's more harm to the environment this way, because these batteries are toxic, than using oil and gas. Not to mention that these precious metals fall far short of running an automotive industry. But fret not, the electric scam is only a decoy. What they really want is for us to take public transport and for us to bicycle. So welcome to fifteen minute cities. Ever seen hunger games. We'll all soon will.
5l/100km until you have to replace the hybrid battery and then that goes to pot aswell as mad depreciation on anything even slightly hybrid or EV.
the other side of the same tea leaves, it shows a change back to diesel and petrol as being more reliable and less problematic with failing batteries and insufficient imported Indonesian coal fired power stations to recharge power grid with an even bigger carbon footprint than current conventional fuel. Not to mention the toxic disposal of colossal dead batteries and inconvenience of short recharging distances which are a pain adding hours onto a long trip. Vegan Virtue signallers have been sold a lie and on-selling it in the bnz bored rooms.
i love my 5 litre 480hp lexus .. love doing 5km / litre ... i pay the petrol bill so it's no ones business .. i wonder if you understand the petrol used in making ALL the parts for a EV or hybrid .. plus realistic life of these cars and costs at the later stages of car life ,, as if our pathetic emissions nz puts out makes any differance to their climate ' truth ' .. total BS
#AGENDA2030
It's NOT a fossil it's a mineral that is produced by the planet.
Battery operated vehicles batteries only have a short lifespan and they are expensive to replace according to experts
Tell them to get stuffed, change bank..