ACT supports the concept that making polluters pay for their carbon emissions actually will help reduce our emissions across the board, but, equally so, New Zealand's emissions are capped. Any emissions reduction plan, by the standards imposed by this bill, will not reduce a single ton of carbon and almost invariably it creates an opportunity for emissions leakage into other sectors. We've got a cap here in New Zealand. All it will do is literally shift the onus on to somebody else.