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22 Nov 2024 4:49
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      Home > News > Politics

    Westpac New Zealand's facing the heat over its commitment to climate action

    Westpac New Zealand's facing the heat over its commitment to climate action

    20 November 2024
    Parliament's finance committee has been hauling the big banks in for an inquiry into competition in the market and the impacts of sky-high profits.

    Green MP Steve Abel asked whether Westpac's climate stance is dishonest, when its Australia business invests nine-billion-dollars in fossil fuels.

    Chief executive Catherine McGrath says banks have funded a range of energy for a long period of time.

    She says the key focus is on the transition plans to move away from the way we've generated energy in the past.

    © 2024 Newstalk ZB, NZCity


     Other Politics News
     21 Nov: Labour's Jan Tinetti says consequences for rule-breaking in the House -- should apply across the aisle
     21 Nov: More work's needed - for New Zealand to meet its climate change targets
     21 Nov: The Justice Minister says he's working at pace to change name suppression laws
     20 Nov: The Speaker's taken an unsubtle swing at Te Pati Maori -- as tensions escalate
     20 Nov: Elon Musk’s new job will bring tech ‘disruption’ to the US government – and history says it won’t be pretty
     20 Nov: About 230 jobs are on the line at Tokoroa's Kinleith Mill
     20 Nov: A view a history-making hikoi will lead to more young Maori taking up leadership roles
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     Today's News

    		 Law and Order:
    Accusations of evidence planting, false statements, and acting in the Defence cross examinations at the murder trial of Tingjung Cao  21:57

     Entertainment:
    Scott Mills feels honoured to be replacing Zoe Ball as the host of BBC Radio 2's 'Breakfast Show' 21:39

     Motoring:
    There's serious injuries... after two vehicles collided on State Highway One, near Palmerston North 21:17

     Entertainment:
    Fiona Shaw insists "the dial is turning" for women in television 21:09

     Law and Order:
    Illegal immigrant gets life sentence for murder of Laken Riley highlighted by Donald Trump campaign 21:07

     Entertainment:
    A New York priest who let Sabrina Carpenter film her 'Feather' music video in his church has been stripped of his duties 20:39

     Entertainment:
    Barry Keoghan began enjoying life more when he stopped "making excuses for stuff" 20:09

     Entertainment:
    Ben Affleck thinks movies will be "one of the last things" to be replaced by AI 19:39

     Entertainment:
    Cynthia Erivo was "annoyed" by Dax Shepard's "inappropriate" question about her long nails 19:09

     Accident and Emergency:
    A person has serious injuries after a crash between a car and motorbike in Marotiri, northwest of Taupo 18:57

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