Pugh MaureenMAUREEN PUGH (National): Thank you Mr Speaker. I too stand with great disappointment today to speak to the Crown Minerals (Petroleum) Amendment Bill in its third reading. This is—and I support Mr Seymour—a sad day for Taranaki. It is a sad day for New Zealand a sad day for our democracy and certainly a sad day for our country's economic future.I thought this Government was going to be the main meal: New Zealand First and Labour with a side of Greens. But what we've actually got is a salad with absolutely no substance inside of it. If I was Winston Peters now I'd be wondering what on earth I'd signed up for with this Crown minerals bill before us today because it's clear that this is a Jacinda Ardern and James Shaw show. All poor old Winston Peters has done is being—SPEAKER: Order! The member will resume her seat. I want to remind the members of Speakers' rulings 121/4 and 121/5. At the third reading one must discuss the bill as it emerged from the select committee. The member hasn't started. She's had her introduction and she'll now address the bill.MAUREEN PUGH: Thank you Mr Speaker. For the Taranaki region in relation to the Crown Minerals (Petroleum) Amendment Bill I feel that the Prime Minister is like the Grinch who stole Christmas. But unfortunately under this Government we won't even have a lump of coal to be able to give to the naughty children—SPEAKER: Order! Second warning—address the bill or I will terminate the member's speech.MAUREEN PUGH: I'd like to run through some of the risks to New Zealand from the passing of this bill today. As James Shaw eloquently put it the reputational damage to New Zealand from the passing of this bill is a chronic shame for us. It is part of the reputation that this country has built up over many years. Another one of the consequences and the risks that we face from this bill is the consistency that business needs. It needs a firm and level playing field for the years ahead where they have to plan and evaluate their long-term investments. So we need great big long lead-in times and unfortunately the uncertainty of this passage of legislation that is going to be created across the investment sector is going to damage our reputation and that consistency that business needs.Now the other risk from this bill is to the investors. Now investors—they're probably our biggest risk of all. We need that major investment coming here into New Zealand. A classic example of the result of this bill passing through this House was the decision from Methanex who were the second major natural gas consumer. They called a halt to their major investment of a $100 million expansion of their plant in Taranaki. The other major investment that we have seen withdrawn as a result of this legislation is Ballance Agri-Nutrients shelving a billion-dollar rebuild of their Kapuni factory. This type of legislation this Crown Minerals (Petroleum) Amendment Bill creates uncertainty in the sector and this is the type of damage that we are seeing. That is before the bill has even passed through and become legislation.So I've talked to the loss of income as a consequence of this bill and we've heard that the Crown revenue alone is $7.9 billion. As an example of what that type of Crown revenue could have created here in this country: it could have built all of Auckland's light rail it could have built all of Waterview Connection it could have built all of Transmission Gully it could build the new Dunedin Hospital—SPEAKER: Order! The member will resume her seat. I am now going to read to her Speaker's ruling 121/4: Members must confine themselves to the general principles of the bill as it emerged from the committee." Speaker's ruling 121/7: "Members must confine themselves to the main purposes and contents of the bill; they must not deal at length with matters not provided for in the bill." The member hasn't actually discussed either the purpose or the content of the bill in half the time that she had available. The member's speech is terminated."