Thank you very much, Mr. Chair.
My deep thanks to both of our witnesses here today. I am familiar, of course, with the work that both of your organizations do and I just can't tell you how very proud I am to be the member of Parliament for Kitchener Centre and to represent Waterloo region, which has probably the premier reputation across Canada as a place where not only private and public partnerships but also academic partnerships have generated such amazing results. It's really a privilege for me to have you both here with me today. I can hardly know where to begin because everything you've told us is very germane to the subject of our study.
I'm going to begin with Mr. Morrice just because of the very interesting dynamic of profitability that he describes as result of the lowered carbon footprint that his organization and Sustainable Waterloo has been able to encourage people to adopt. I'm assuming that this is the result of reduced energy consumption. You've indicated that there are some very significant savings to businesses and then you kind of very quickly mentioned that the businesses are putting back into Sustainable Waterloo. I missed some of the details of that, so if you wouldn't mind elaborating, I would appreciate it.