Bank Will End Loans for New Gas and Diesel Cars, Buyers Will Only Get Loans for Right Decision
8/25/22
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from Western Journal,
8/24/22:
You may have heard of a company’s “ESG score”: The initials stand for environmental, social and governance — and the scores businesses receive can determine whether they have access to capital and at what interest rate, among other things.
Now, Bank Australia wants to export that kind of thinking to an individual’s choice of car.
According to Fox Business, the financial institution announced Friday that it will stop providing loans for new gas and diesel cars starting in 2025. Instead, it will only be giving loans to those buying new electric vehicles or used gas and diesel cars.
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