I am delighted that we have got to the third reading of this bill, that we will be the first country in the world to put ourselves on track to mandatory climate disclosure regime reporting, and that we will expect our companies to disclose their risks, their opportunities, around climate change—not just in the long term but for day-to-day investors to understand how they are shaping their businesses and how they are taking account of the growing risks to their businesses of being overly dependent on climate-unfriendly technologies or practices. This bill takes an important step to correct the ongoing and systematic overvaluation of emissions-intensive activities. It strikes the right balance between transparency for investors and consumers and proportionate costs on disclosing entities.