Treasurer Josh Frydenberg puts banks and insurers on notice over net zero ...

Treasurer Josh Frydenberg puts banks and insurers on notice over net zero ...
Treasurer Josh Frydenberg puts banks and insurers on notice over net zero ...
Treasurer Josh Frydenberg puts banks and insurers on notice in blistering speech ahead of Australia's transition towards net zero emissions Josh Frydenberg to deliver an online speech to major employers about net zero Frydenberg  says businesses must recognise climate change trends Australian Treasurer urged banks and insurers to support mining industry Morrison Government under immense international pressure on climate change

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Treasurer Josh Frydenberg has urged banks, super funds and insurers not to abandon the mining industry during the economic transition to lower emissions.

In an online speech to major employers, Mr Frydenberg will say businesses that recognise climate change-triggered trends will have the most promising futures.

'At the same time, there is a message to Australian banks, super funds and insurers,' he is expected to tell the Australian Industry Group on Friday.

'If you support the objective of net zero, do not walk away from the very sectors of our economy that will need investment to successfully transition.'

The Treasurer believes it is wrong to assume traditional sectors like resources and farming will face a decline during the economic transition.

Treasurer Josh Frydenberg (pictured) says businesses that recognise climate change-triggered trends will have the most promising futures

Treasurer Josh Frydenberg (pictured) says businesses that recognise climate change-triggered trends will have the most promising futures

'To go the next step and achieve net zero will require more investment across the economy,' Mr Frydenberg will say.

'An economy-wide

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