ACT's position is this. New Zealand business should have the ability to purchase high-quality credits from any willing seller anywhere in the world. And New Zealand business should not be subject to the invisible hand of Government—a Minister who will have the power to set a confidential reserve price at auction, even though the emissions trading scheme apparently is the best way for New Zealand to meet its Paris targets. For that reason, ACT opposes this bill. Thank you, Madam Speaker.