Thursday, 08 May 2025 12:55

Keep it up

Written by The Hound

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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.

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