Thank you.
I have a question for Mr. Bradley.
When the vice-president of engineering of the National Research Council was with us a few weeks ago, he basically confirmed that the studies they did, and a lot of European studies, determined that side guards—not side skirts, and he was very clear about that—resulted in a reduction of greenhouse gas emissions and fuel consumption of anywhere from 5% to 20%.
You and I have an ongoing discussion about whether it's side guards or side skirts, but one way or another, it's a piece of plastic among all the other plastic that you attach to a truck that would result in $561 million of savings for the entire trucking industry if we calculate it using just a 5% reduction in fuel.
If that's the case, whether you talk about guards or skirts or whatever, because the payback period is anywhere from two years to three years at most, it really makes a lot of sense to invest in it. What you're saying is that a lot of the owners just don't have a lot of available cash, and there's no government program to give that extra push.
Last year in the immigration committee I suggested a repayable loan program under which you'd lend money to immigrants, and once they were established, they would pay it back. Now the government is, in fact, starting that repayable loan program.
If the greenhouse gas emissions are going to be reduced and fuel savings are going to make money eventually for the trucking industry, and if the government had a program for repayable loans or repayable grants that would have to be paid back within five or 10 years, because you will capture that dollar amount, would that assist the industry in installing any number of these devices? Could we really reduce the greenhouse gas emissions of the trucks and save money in the meantime?