IT BEGINS: Bank Refusing to Issue Loans If You Buy a Gas-Powered Car? Here’s Why.

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According to Car Expert, the Australian financial institution will stop funding fossil fuel-fueled car loans in 2025. In an announcement earlier this year, the bank committed to reaching net zero carbon emissions by 2035 – a commitment no other Australian bank has made. During the National Electric Vehicle Summit in Canberra, the government announced the decision, noting that passenger vehicles contribute 43 per cent to Australia’s overall emissions from transportation.

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