Western Reader
Bank Australia has made a groundbreaking decision to stop providing loans for new petrol and diesel cars starting from 2025. This move is justified as a response to climate change and signals a significant change in the banking industry’s approach to environmental issues.
Sasha Courville, the bank’s Chief Impact Officer, stated that this decision aims to send a clear message to the Australian market about the transition from internal combustion engines to electric vehicles. The bank believes that this transition will happen rapidly in the coming years.
Greenpeace co-founder, Dr. Patrick Moore: Unelected globalists (including Klaus Schwab and the United Nations) are using the #ClimateScam as a pretext to ban fossil fuels and nitrogen fertiliser, in order to deliberately depopulate the planet.
“These powerful elites, like Schwab… pic.twitter.com/PbKh5sexmq
— Wide Awake Media (@wideawake_media) August 29, 2023
However, this decision has sparked a debate about the role of banks in influencing consumer choices. Critics argue that by refusing to finance new fossil fuel vehicles, the bank is effectively controlling the type of cars its customers can purchase. Some have even labeled this as ‘climate communism’ or ‘climate fascism,’ claiming it infringes on personal freedoms.
Interestingly, while Bank Australia will no longer finance new fossil fuel cars, it will continue to provide loans for used fossil fuel cars. This raises questions about the bank’s commitment to combating climate change. If the aim is to reduce carbon emissions, why support the purchase of used cars that contribute to the problem?
Furthermore, critics argue that this decision may be financially motivated. Electric cars tend to be more expensive than petrol cars due to the cost of their large batteries. By pushing customers towards electric vehicles, the bank could potentially increase the size of its loans and, consequently, its profits.
TRUTH.
1. God is real.
2. There are two genders.
3. Human flourishing requires fossil fuels.
4. Reverse racism is racism.
5. An open border is no border.
6. Parents determine the education of their children.
7. The nuclear family is the greatest form of governance known to… pic.twitter.com/rjTxRW7xkR— Vivek Ramaswamy (@VivekGRamaswamy) September 1, 2023
This decision comes at a time when several countries, including Britain and the EU, have declared plans to ban the sale of new fossil fuel cars by 2030 and 2035 respectively. These developments indicate a significant shift away from petrol and diesel cars. However, it raises the question of whether this shift is driven by genuine concern for the environment or a strategy for large corporations to gain control and increase profits.
Lastly, it’s important to note that electric vehicles have their limitations. They have shorter ranges and longer charging times compared to petrol cars, which can restrict mobility. Additionally, the production of their batteries generates significant amounts of CO2, which undermines their environmental advantages.
Bank Australia’s decision raises important questions about the role banks play in influencing consumer behavior and the true motivations behind the transition to electric vehicles.
This article appeared in The Patriot Brief and has been published here with permission.
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