Senate debates
Tuesday, 31 March 2026
Bills
Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026; In Committee
7:45 pm
Don Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source
I thank Senator Roberts for his question. I should congratulate you on your result in the South Australian elections, Senator Roberts. I know you came down and campaigned, certainly in the seat of Colton. I saw you down there with your candidate.
I have an apology to make to Senator Canavan. When I was answering one of his questions last week, I referred to the fact that, in his first outing as leader of the National Party, where he was going to take on One Nation, your candidates got 22 per cent of the vote, and I said in the Senate that the Nationals had got one per cent. I have to apologise to Senator Canavan; that was not correct. It was 0.7 of one per cent, not one per cent. So, in his first outing as leader, espousing all of the policy positions he's just explained to this Senate, that was the result.
We do produce gas in this country, Senator Roberts, and we've produced it under this government. I've referred, in an earlier answer to Senator Canavan, to some of the places where we're doing it. We're doing it in the Barossa. We're doing it in the Beetaloo. One day we might do it in Narrabri. We're certainly increasing production in the Cooper Basin in South Australia. But we do have a commitment to net zero. That is, as you say, a commitment that both the Nationals and the coalition, at certain periods of time, have been committed to. Gas, in particular, is a transition fuel, Senator Roberts. It's the way in which you get to net zero.
But right now we have an emergency. We need to ensure that our stocks of petrol, diesel and airline fuel continue to be available to businesses and consumers in this country. There is an emergency about dealing with this. What happens on the sea is that there are ships containing oil, petrol and airline fuel. They become available for purchase, and sometimes you're only given 24 or 48 hours to make that purchase. The reason we have decided to use the facility of Export Finance Australia to bid for these products is that they're a very nimble organisation, they're very experienced in this space, they are run really well by a fellow called John Hopkins, they regularly report to me, and we see them as the best organisation to ensure that we act quickly on this.
Minister Bowen has ensured that, in combination with me and Minister King, we have taken all of the steps that we need to take to ensure that Australians continue to have access to all of those fuels that I just mentioned. But there is an urgency about this legislation. Despite everything Senator Canavan said, I'm not sure that he appreciates that urgency. We do need to get on with this, and the quicker we pass this legislation, the quicker we can get some certainty to businesses and consumers about the reliable supply of those fuels.
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