I'd like to point out to the Minister that he will be well aware that the oil and gas ban had a very significant effect on New Zealand's reputation in terms of our sovereign risk. I know from feedback from business contacts that significant lending institutions overseas now view New Zealand as a very high risk in terms of sovereign risk, and that has a chilling effect on investment right across—not just in the oil and gas sector or in mining sectors, or extractive industries, that is "New Zealand Inc." is seen as a sovereign risk. So I would like the Minister to clear up: does he have any intention to ban seabed mining, and if he does, does he have any intention to retrospectively ban existing mining consents, seabed or otherwise? And what evidence has he seen—if he has seen any—that shows that seabed mining can be carried out without detrimental environmental effects? Thank you. 