This is not a hypothetical risk that policy makers have dreamt up; this is all too real. In April 2020, the Crown took on the responsibility for the decommissioning of the Tūī oilfield after the operator, Tamarind Taranaki Ltd, went into liquidation. To protect the marine environment, the Crown stepped up as the provider of last resort to decommission the Tūī infrastructure. The Crown initially set aside $155 million to do this, based on a 2015 study commissioned by the previous permit holder. While we have made good progress on decommissioning, those costs have far exceeded those initial estimates, and further funding was necessitated through Budget 2021. I am proud of the team decommissioning Tūī and what they have achieved, and there are some silver linings to be found there. But when you consider the costs involved to the taxpayer, I am very clear: we cannot let this happen again. We've already taken the necessary steps—well, some of the necessary steps—to avoid a repeat of the situation that we find ourselves in with Tūī.