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So it is the penalties that you have a problem with.

I will leave it there, convener.

I have many more questions but they would probably take us beyond the order of business for today, so I had better give up.

Closing that loophole is grand. It would be interesting to see why it was left in place in the first place. Obviously, that has nothing to do with you, cabinet secretary; it has to do with others.

In some of the questioning, it has been suggested that some other areas have decarbonised to a greater degree than we have. Will there be further moves in the ETS to lead to even greater decarbonisation of the oil and gas sector? What general discussions have you had with the UK Government about further decarbonisation of the sector? Importantly, will the UK Government put in place the right fiscal regime to ensure that that decarbonisation continues apace?

It would be very useful to hear more about that and maybe to get further thoughts on those issues.

Please. Can you be less diplomatic on it, Mr Wilson?

If you could give us some of the top regulatory impediments at this moment, and then write to us with the lower-level stuff—which I imagine is probably equally important—that would be very useful for us all.

I will be very brief, convener. I want to give as much of my time as possible to Michelle Thomson, because of her constituency interest.

In your answers to Lorna Slater, you talked a lot about the regulatory regime, and you mentioned various policy changes that have taken place. However, I want to concentrate on the regulatory regime. As a committee, we have previously asked questions on some of these issues; indeed, we asked the former UK Minister Graham Stewart about the time that it was taking to put in regulation around the storage and transportation of hydrogen. Mr Pritchard, you are probably in the best position to give us a flavour of the regulatory change that is required for you to move forward and make progress with the likes of project willow.

I would not go as far as to call it positive.

Is more required to reach the end of the journey, as you describe it?