Young JonathanJONATHAN YOUNG (National—New Plymouth): Thank you sir. I want to start my words with an acknowledgment to the people of Taranaki who for many of them right now face very high-level degrees of uncertainty regarding their future.The Government made an announcement on 12 April that they said was to bring certainty but instead for my community it brought uncertainty very very quickly.Hon Chris Hipkins: Rubbish!JONATHAN YOUNG: Yes indeed it did. If you will listen to me Mr Hipkins I will explain some factors. There are companies that have very high levels of engagement in the petroleum industry who have been called by international investors who have said that they are lacking confidence regarding the regime that is being developed here in New Zealand for exploration. There are companies that are strong companies in New Plymouth owned by international companies that also have those sorts of correspondence. In fact one of those companies said that within an hour of hearing that news they stopped all new employment.That's a tragedy because there are young people in my community who were looking to that company for opportunities.Hon Andrew Little: Why weren't you worried about the companies already shedding labour?JONATHAN YOUNG: They were looking for opportunities.Hon Andrew Little: Why weren't you worried about Tenix when it closed three years ago? Why didn't you worry about the other companies making people redundant?JONATHAN YOUNG: In this decision—SPEAKER: Order! Order! Mr Little please keep me out of the debate.JONATHAN YOUNG: In the decision that this Government has made in the pursuit of emission reductions for climate change—a noble purpose—the issue is this will make no difference to New Zealand's emissions because all of our transport fuels are made out of imported crude and in fact from our exploration 70 percent of that is gas 30 percent of that is crude and light crude and of that 30 percent only 50 percent would end up as a liquid fuel. The other goes into industrial and pharmaceutical purposes.So it's very important to get some facts on the table regarding those emissions because a decision has been made that has the potential—and it's already started like pouring poison into the root of a tree—to wreck an industry and severely shake an economy. [Interruption] Mr Little will try and say that it's not true but there was zero consultation. There was only telling people" and it was after the event. They swooped in afterwards and said "We will now consult with you." Well it's all over—it's all over. International confidence in New Zealand has gone. You know the poison has been laid at the root of the tree. It will take time but it will happen.I received a note just the other day. It said a client was told by her broker that as her job is in the oil and gas sector and with her now job insecurity she won't be able to get the mortgage at the same level as promoted a month ago. This sort of thing is happening for everyday ordinary New Zealanders living in New Plymouth. It's also happening to people who have migrated to our country. They went on to say "We are also seeing people selling up and returning to their nations their homes their countries of origin."So what we are seeing now is the dismantling of an industry. Instead of going to the industry and saying "Look we've got some concerns here and there. What can you do to find a better solution? How can you work with this Government?" because on the—Hon Andrew Little: What a stupid speech. What a stupid thing to say.JONATHAN YOUNG: Listen to this Mr Little. On 19 March your leader stood in the Beehive theatrette and said "The new Climate Commission well they'll look at things like natural gas as a transition fuel." Why didn't that happen? Why didn't you use common sense? Why didn't you depoliticise it? Why didn't you say to the new Climate Commission "Instead of just looking at agriculture why don't we also look at petroleum?" Get some smart people to look at it instead of making this ideological decision that wrecks people's lives. And you think that you care. Shame on you."