Young JonathanJONATHAN YOUNG (National—New Plymouth): Madam Chair Mr Yule is unable to be here. I would like to speak on the title of this bill. The bill is called the Crown Minerals (Petroleum) Amendment Bill. We understand of course that hydrocarbons produce more than petrol. It may be confusing to many people but there are many products that come from petroleum.I would prefer to call this bill the Crown Minerals (Hydrocarbon Hijack) Amendment Bill" because the Minister took everybody by surprise. She may have said that it was well signalled but I was at the petroleum conference when she said to them "We are the Government that listens then acts. That consults widely thinks through issues deeply and seeks to forge consensus on how we can take New Zealand forward together." That statement probably reflects the principles of a just transition. But while they were waiting for the consultation to commence they were informed on 12 April of the Prime Minister's decision as she spoke to other coalition leaders. In fact that this decision was made by three political leaders without a Cabinet paper going through Cabinet and with I would say incredible repercussions through New Zealand—certainly in the short and medium term—then that is a hijack. A hijack is when something happens by surprise and suddenly you find yourself poorer. I think that New Zealand has been ambushed. I think we find ourselves poorer because of this.You know we all I think generally agree that we want to head into a low-emission economy and into a future—in fact the Productivity Commission's work was initiated by the Hon Steven Joyce. So that was a work that came out of the prior Government. But I think that when it comes to entering a low-emissions future—and every commentator would agree with this and say this is correct—it's going to be costly to the economy. Look it's a very important goal for obvious reasons but we've got to be able to get there. The Productivity Commission warned us that if the costs were too high it would deter New Zealanders from embracing that pathway. I think this bill this hijacking this ambush this surprise has dissuaded many many New Zealanders who ordinarily might have thought "Yes we need to progress systematically with good planning and obviously making incremental gains as we head towards that future."So I don't call this a just transition; it's really a shock transition. What I think this country needs is a smart transition where we have thorough planning thorough consultation and we can put together the energy mix that we need in this country to remain economically secure when we can put it together very carefully rather than killing off one sector hoping that another one will grow in its place because essentially this is what this bill is trying to achieve.I think New Zealanders have been duped by the Government. A big smile and words of empathy a sweet camouflage for what has been described as a "kick in the guts" by the mayor of New Plymouth or a "symbolic beheading" by one of New Zealand's leading energy reporters. New Zealanders are being tricked that this is good for us that this is what we have to do to stop climate change. And yes the Minister was challenged for research to back up that this is what it will achieve for New Zealand and I don't think it does. I do not think that this achieves this goal for New Zealand. I think New Zealanders are taken by surprise that such a powerful and disruptive piece of legislation designed to head us towards a low-emission economy actually makes no difference to our domestic emissions or our global emissions. I did wonder today when the Minister accused me of saying "New Zealand was too small to make a difference." whether she had read the advice that came from her officials because the officials said—CHAIRPERSON (Hon Anne Tolley): Clauses 1 to 3—1 to 3.JONATHAN YOUNG: Beg your pardon Madam?CHAIRPERSON (Hon Anne Tolley): 1 to 3.JONATHAN YOUNG: Clauses 1 to 3. Right so coming back to the title—thank you very much. "Hydrocarbon Hijack" or "I Don't Read My Official Notes" could be another subtitle to this bill. I won't go there.So what we see here I believe is an effect on New Zealand's economy. When I talk about hydrocarbon hijack whenever there's that type of approach to legislation it bruises people it injures people it makes people worse off and poorer. It's not just the oil and gas workers in my region; it's where they now no longer spend their money. So it's the chap down the road who might sell them a suit; it's the people who work in the restaurants who might feed them and make them a meal. Those are the sorts of people who get affected by this.I call this "Ultimate Nimbyism (Not in My Backyard"—[Time expired]"