Bank to Stop Giving Loans to Fossil Fuel Cars

[1LoverofGod]

It is happening ladies and gentlemen. We are now at the point where a major bank has announced they will stop giving loans for new petrol and diesel cars under the excuse of climate change.

From 2025, customers of Bank Australia will no longer get funding to buy new cars that run on fossil fuels.

”By ceasing car loans for new fossil fuel vehicles, we are sending a signal to the Australian market about the rapid acceleration in the transition from internal combustion to electric vehicles we expect to see in the next few years” said Sasha Courville, chief impact officer at the bank.

So in just two years time, the bank will stop giving loans to new fossil fuel cars and instead only help people buy the inferior electric vehicles. Although, they will still be giving loans for people to buy used fossil fuel cars.

So now banks are beginning to decide what cars we can buy and cannot buy under the excuse of climate change. Sounds more like CLIMATE COMMUNISM to me, or perhaps CLIMATE FASCISM in this case where a bank is behind it.

But it would definitely not surprise me if the ESG score system is a major factor in their decision, I am sure they will get a very good ESG score out of this…


If you don’t know what ESG is, it is essentially a score given to large corporations based on how much they follow the globalist agenda. The more obedient, the better score they get. Unfortunately it didn’t work out very well for Sri Lanka when they tried it.

But it doesn’t stop there.

Now there is a new plan.....

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Bank to Stop Giving Loans to Fossil Fuel Cars | The Gateway Pundit | by Guest Contributor

This article was written by Swedish independent journalist Peter Imanuelsen, also known as PeterSweden.

www.thegatewaypundit.com

 

[Tall Timbers]

So now banks are beginning to decide what cars we can buy and cannot buy under the excuse of climate change.

People shouldn't be taking out loans to purchase cars anyway. Hopefully at least some will learn to save until they have enough to purchase what they want, and in the meantime drive a clunker. Borrowers are slaves to the lenders, there's no getting around that.

I'm on a Bank of Amercia Consumer Advisory Panel. I do it because by the types of things they have me look at I can see the direction BofA is going in before they actually make the moves. BofA is definitely at the pointy head of the spear when it comes to supporting globalists' wishes.

 

[mattfivefour]

I have always said that it was just a matter of time before ESG began impacting the average person. The world is on its way to universal social credit scores controlling earth's inhabitants. Things are being set up for the anti-Christ.

 

[3Nails4Given]

The movie Mad Max is coming to life.

 

[Zephyr]

Most people need to borrow to afford even a used car. But one way or another, the oligarchy is going to push people in line through their finances...

 

[Tall Timbers]

Most people need to borrow to afford even a used car

That's what folks are led to believe but it isn't true. It boils down to planning and asset management. Only about 5% of the US population has a decent handle on asset management.