Mining Stocks

Canadian Firm Launches Satellite to Monitor C02 Emissions from Coal Plants

Last week, an emissions monitoring company in Canada launched a satellite from the Vandenberg Space Force Base in the United States. The company, GHGSat, launched the Vanguard satellite to detect CO2 emissions from facilities such as steel mills and coal plants from space.

GHGSat focuses on key markets such as oil and gas, waste management, power generation, coal mining, agriculture and financial services. In a statement, the company explained that satellites currently in the atmosphere that monitor carbon dioxide did not focus on emissions at the facility level. The company’s move to launch another satellite to monitor facility emissions comes in the midst of the climate change crisis, which has been significantly fueled by industrial activities that release greenhouse gases into the earth’s atmosphere, further depleting the ozone layer.

When carbon dioxide is released into the atmosphere, the atmosphere of the earth continues to trap more heat, further contributing to the greenhouse effect. This, in turn, leads to global warming and climate change.

Data used by GHGSat, as collected by Vanguard, will be available for purchase by emitters in industries that would like to decrease their emissions. Researchers as well as governments can also access the information produced by the satellite, which can play a crucial role in addressing the climate crisis.

This satellite is the latest addition to Vanguard’s network, which are all dedicated to identifying methane plumes. Methane is an invisible greenhouse gas, which makes it difficult to detect the substance, especially when it’s emitted from small sources such as farms, pipelines and drill sites.

GHGSat CEO Stephane Germain emphasized that the data gathered by the recently launched satellite would be used to validate common practices of monitoring and measuring CO2 emissions. During an interview, Germain stated that unlike in the past when direct estimates and measurements were mixed, the new satellite would provide a direct measurement of an entire facility, which would act as a validation.

The company also believes data gathered by the satellite will play a vital role in increasing the precision of scientific modelling and emissions inventories for governments. It is expected that the data gathered through directly measuring CO2 emissions from individual facilities will also offer a more reliable and comprehensive understanding of the levels and sources of greenhouse-gas emissions and also allow for corporate greenhouse gas reporting for investors.

GHGSat remains committed to using its cutting-edge emission monitoring solutions to empower carbon intensive governments and industries to achieve their goals to reduce emissions.

Coal producers such as Warrior Met Coal Inc. (NYSE: HCC) are likely to come under increasing scrutiny over the coming years as the fight against climate change intensifies.

About MiningNewsWire

MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.

MNW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.MiningNewsWire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer

MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com

MiningNewsWire is powered by IBN

Lacey@MNW

Share
Published by
Lacey@MNW

Recent Posts

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Explores Government Support as Montauban Project Advances Toward Production

ESGold Corp. is connecting with Canadian and Quebec governments for potential non-dilutive funding to support…

22 hours ago

Barrick Gold Divests its Donlin Gold Stake

Earlier this week, Barrick Gold Corporation announced that it’d be selling its 50% holding in…

5 days ago

Zacks Initiates Coverage on SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2)

Despite policy uncertainty, demand for scalable solar and storage solutions in North America remains strong,…

6 days ago

Wood MacKenzie Report Identifies Challenges to American Energy Dominance

The primary source of energy globally is oil and gas, which make up a whopping…

6 days ago

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Details Recent Achievements, Upcoming Milestones as It Advances Expanded Exploration at Montauban

ESGold has closed a C$3.4 million financing round, enabling final construction at its Montauban project…

6 days ago

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Waterberg Project as Global Demand for PGMs Continues to Rise

PLG’s Waterberg Project is expected to be one of the largest and lowest-cost underground PGM…

6 days ago