Some of these businesses who manufacture cement in New Zealand are absolutely vital to our infrastructure and building construction to deliver more homes, to fix the broken pipes, to fix the cities, to unlock transport connections. They want to keep working in New Zealand. If they price of carbon, if the price of buying units through the New Zealand emissions trading scheme gets too high, they will simply shut up shop—we know this; it's called carbon leakage—and they will transfer their production to other facilities. One of New Zealand's former major cement manufacturers, Holcim, based down in Westport, declined to proceed with any further infrastructure investments in New Zealand. They now import all their cement from Vietnam and other locations. That is New Zealand's future: less economically resilient; our communities in the regions gutted as these major industries leave. All of these things are not just a mirage on the horizon; they are likely consequences of poor public policy and poor Government decision-making around climate.