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Environment committee In response to your initial question with regard to R and D in Canada, I would say that Canada does an excellent job of stimulating clean technologies in Canada at the R and D phase. We would not exist without the risks that Sustainable Development Technology Canada in particular
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee The measures we take are entirely independent, and clients therefore can't manipulate the data.
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee We mainly measure methane emissions in the oil sector. Approximately 50% of the emissions we've measured come from the global oil sector. Then there are landfill sites and coal mines. In the case of Quebec, in particular, the only emissions we've measured to date come from landf
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee It should definitely encourage venture capital investment in clean technologies. As I mentioned in my introduction, it should support Canadian industries by buying data from other Canadian satellites, by which I mean not just ours, but also those of several other businesses that
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee It's very important to make investments to encourage venture capital investment in clean technologies. The funding available in this field internationally is much greater than that in Quebec. We also need to encourage our businesses to expand outside Canada. Lastly, we should enc
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Thank you very much.
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Clean tech has certainly been expanding rapidly over the last 10 years or so. There have been a couple of different cycles and venture capital investments in clean tech. In the last five years, it has certainly very much accelerated. Pricing mechanisms have been an incentive tha
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee I would certainly agree with that, although I would point out that I think venture capital in Canada for clean tech still remains dramatically underfunded. Right now the capital available to Canadian companies to go from initial start-up to grow to scale is available primarily ou
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Yes. Over 50% of the capital we've raised—and we've raised over $100 million Canadian—has come from outside of Canada.
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Our company is not directly involved in that, although I am aware of other satellite solutions and aerial solutions that are available for measuring the various compositions of soil and looking at carbon content as well. They are called hyperspectral technologies.
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Absolutely. In our case, we have used our satellites to monitor methane from agricultural feedlots, for example. When you put 10,000 cows into a one-square-kilometre area, they do produce a lot of methane, and we have been able to detect it from space. That can help to prioritize
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee It can be a lot worse; trust me. Canada has done pretty well. We monitor the entire planet on a regular basis. Although we certainly have room for improvement in Canada, there are lots of other places that need to look at agricultural and other industrial emissions much more rapi
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Thank you.
September 23rd, 2022Committee meeting
Stéphane Germain
Environment committee Thank you, Mr. Chair, and thank you to the vice-chairs and members of the committee for the opportunity to appear today. My name is Stéphane Germain. I'm the CEO of GHGSat. I'm grateful for this opportunity to provide our thoughts for the committee's study of Canadian clean tech
September 23rd, 2022Committee meeting
Stéphane Germain