There are a couple of aspects in the bill that I do want to draw attention to as we proceed, and my colleagues on this side, as this debate continues through this evening, will raise other aspects. But I particularly want to focus on the impact of the reduction in what's sometimes referred to as the "free allocation", and that raises the prospect of what's referred to as "carbon leakage". In New Zealand, we are fortunate, in many respects, to be at the bottom of the South Pacific, surrounded by the largest moat in the world, and that brings both advantages and disadvantages. But, in a period by 2050, I can't imagine a New Zealand that's not, for instance, going to want to have access to steel, to glass, to fertilisers, to aluminium, to all kinds of products that, if not manufactured here competitively, will have to be imported, arguably from less emissions-efficient countries than our own. And so for organisations such as Methanex, for instance, there are some very real concerns about the future viability of that business and the contribution it makes to our economy, both in terms of the products produced and the people employed.