We changed the legislation in our first term of Government to close the loophole that allowed us to get into this situation in the first place. When that change came into law in 2019, I signalled my intent to go further to strengthen the regulation of decommissioning. That is what the bill that I am introducing today does, and what it is intended to do. At its core, this is a very simple bill. It is about making clear what was always expected, that those who undertook and profited from petroleum activities would pay for the cleaning up—not the Crown, not landowners, and not taxpayers. The bill does that by introducing an explicit obligation on petroleum permit and licence holders to carry out and fund decommissioning. There are three pillars to the proposed regime that this bill introduces: a clear and consistent obligation to decommission, greater monitoring powers, and a requirement to obtain and maintain a financial security to carry out that decommissioning.