Thursday, 08 May 2025 12:55

Keep it up

Written by  The Hound

OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and financial institutions to make climate-related disclosures, by repealing Part 7A of the Financial Markets Conduct Act 2013.

Architect of the bill, ACT rural communities spokesperson Mark Cameron says, "Farmers are already seeing discrimination creeping into interest rates based on perceived emissions. They fear they'll be the next to be 'debanked', not because of financial risk, but because they don't fit the agenda of the suit-and-tie bigwigs. We've already seen it happening to essential industries like mining and service stations."

Your old mate reckons three cheers for anything that knocks back these rules, which are the ultimate virtue signal.

They reduce banking competition and force significant costs on lenders - and therefore borrowers - for no environmental gain.

More like this

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global economic event" - Donald Trump's trade tariffs - and unsustainable debt, but with the Government reportedly borrowing $500 million a week, interest costs now exceed the combined budgets of Police, Corrections, Justice and Defence.

Can't help itself

OPINION: Greenpeace claims that the appointment of Dr John Roche as the PM's Chief Science Advisor is handing the powers to polluters.

We're OK!

OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the White House, farm commodity prices are holding their own.

Inconvenient truth

OPINION: You would've missed this one if you rely on mainstream media for your news, but your old mate reckons credit should go where credit's due: Emissions by dairy cattle decreased by 1.6% according to the latest NZ Greenhouse Gas Inventory report.

Featured

National

Machinery & Products

New Holland combines crack 50 years

New Holland is celebrating the 50th anniversary of the introduction its Twin Rotor threshing and separation technology, which has evolved…

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter