Even with a memorandum of understanding now in place between the US and Iran, the Strait of Hormuz remains a live fault line that has exposed the fragility of the world’s energy supply.
Matt Halliday is the CEO of Ampol, one of Australia’s biggest fuel retailers and the owner of the Lytton refinery in Brisbane. He joins Alan Kohler on That’s Business to talk about what the conflict exposed about Australia’s fuel vulnerabilities, and how a company built around petrol and diesel is slowly shifting towards the transition to electric vehicles, building a network of public EV charging stations, and investing in low-carbon fuels.
Subscribe: http://ab.co/1svxLVE
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
