The committee received 23 written submissions, which were supplemented by 11 oral submissions. I want to thank the committee for the work that they did on this bill. There was general agreement that the rules governing the petroleum sector's responsibility for decommissioning needed to be strengthened. Concerns were raised, particularly by industry participants in the oil and gas sector, in relation to the impact this bill could have on future investment in the petroleum sector and the security of gas, but this bill is simply clarifying the existing expectation that exists, that decommissioning forms an important part of the petroleum life cycle. There were also concerns about how certain provisions will affect the existing petroleum permit and licence holders. The fundamental of the bill—that decommissioning must be carried out and funded by those who held the permit or licence—is not a new requirement in the New Zealand regulatory regime. I appreciate that some of the requirements will be new—for example, the requirement to hold a financial security.