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Easing off the gas: Small petrol stations concerned by banks' plans to stop lending

Author
Newstalk ZB,
Publish Date
Wed, 11 Dec 2024, 7:32am
(Photo \ Getty Images)
(Photo \ Getty Images)

Easing off the gas: Small petrol stations concerned by banks' plans to stop lending

Author
Newstalk ZB,
Publish Date
Wed, 11 Dec 2024, 7:32am

There are concerns that bank's environmental goals will hurt petrol stations.  

Federated Farmers says it's been told by small petrol stations that banks will stop lending to them, and all existing debt will need to be paid by 2030.  

Spokesperson Richard McIntyre says it's because of commitments to the Net-Zero Banking Alliance.  

He told Heather du Plessis-Allan it doesn't seem like they're going after the big players. 

Richard McIntyre says they're worried about small communities losing their petrol stations. 

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