For the reasons that we've suggested, there's no impact on reducing emissions. It brings a layer of bureaucracy and cost and capital distortion to the New Zealand market, and, even though we have global names being mentioned today, we at the ACT Party want to look after New Zealanders. We have the ETS climate set-up to meet these obligations, and we must insist on a trading playing field for Government entities versus listed entities as a non-negotiable aspect. For that reason, the ACT Party will be opposing this bill at introduction.