In Otago, Beach Energy made a decision to abandon existing exploration permits off the South Island as a result of the Government's oil and gas ban. And while the Government call it a just transition, the plan for the future was nothing but a short-sighted policy to appear as a leader on the global stage in climate transition. Officials warned the decision would cost billions in royalties, destroy thousands of jobs, and likely increase global emissions, yet the Prime Minister and energy Minister Megan Woods still ploughed ahead with ideological policy. This is something we need to be cautious of in this House. We do need gas; we don't need hot air.