The Morrison government has formally signed a new agreement with the United States to boost Australia’s emergency fuel stockpiles. Australia took advantage of historically low fuel prices in April by spending $94 million to establish a reserve, but due to a lack of storage it will be stored in America. Alongside the US Ambassador, Energy Minister Angus Taylor participated in a virtual signing ceremony with his US counterpart. This formalised Australia’s ability to lease space in the US to store and access oil during a global emergency. Image: Getty
from National | Daily Telegraph https://ift.tt/3dFsj1z
Tuesday, June 2, 2020
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