Thank you, Mr. Chair, and thank you to the witnesses for appearing today.
It's no surprise that my questions will be directed largely to Mr. Holder.
The perspective of mid-sized cities matters a great deal. I certainly recognize that Toronto, Montreal, Vancouver and a number of other large cities in this country are economic drivers, but so are medium-sized cities, so thank you very much, Mayor, for offering that perspective today.
I want to ask at the outset about electrification. The transit fleet proposal that you've put forward in your state of the city address captured a lot of attention. I think in large part it's fair to say that the attention has been positive. There's a lot of interest in this issue in this city. Perhaps it could serve as a model if we can do the whole fleet for the entire country. Certainly, we are serious about climate change. We are serious about working with municipalities to advance that agenda. I think this is an important piece of the puzzle on getting there.
I noted that in your presentation you talked about the environmental benefits, which would be obvious. The amount of greenhouse gases that we could prevent from going into the atmosphere is substantial, no doubt, but you also talked about financial savings. Do you have a dollar figure on a yearly basis, Mayor, on the financial savings that we could see by transitioning from diesel to electric?