This bill tackles a very difficult question we have about the legacy of oil and gasfields as we look to our future, but in other ways it is very simple. It is putting in place measures to reduce the risks that the costs of decommissioning or further remediation work will entirely fall on the Crown or the taxpayers of New Zealand. I commend this bill to the House. It will modernise and improve the regulation of decommissioning and bring New Zealand into line with international best practice established by like-minded countries.