----

----

| [ü]              | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934For      the quarterly period ended February 28, 2009 |
|----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       | or                                                                                                                                                     |
| [        ]  | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934                                                |

| NEVADA                                                              | 20-8616221                                |
|---------------------------------------------------------------------|-------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) | (I.R.S.      Employer Identification No.) |

|   | Large      accelerated filer     | [        ]  | Accelerated      filer          | [   ]  |
|--------|----------------------------------|----------------------------|--------------------------------------|----------------------------|
|   | Non-accelerated      filer  | [        ]  | Smaller      reporting company  | [ü]              |

----

----

----

|                                                  | FEBRUARY      28                                             | NOVEMBER      30 |
|-------------------------------------------------------|--------------------------------------------------------------|------------------|
|                                                  | 2009                                                         | 2008             |
|                                                  |                                                         |             |   |   |
| ASSETS                                                |                                                         |             |   |   |
|                                                  |                                                         |             |   |   |
| Current                                               |                                                         |             |   |   |
|                                                  | Cash                                                         | $                | 103,704 | $ | 81,376 |
|                                                  | Amounts      receivable                                      |             | 10,939 |   | 75,777 |
|                                                  | Prepaid      expenses                                        |             | 17,225 |   | 8,408 |
|                                                  |                                                         | 131,868          |   | 165,561 |
| Equipment                                             |                                                         | 15,536           |   | 21,955 |
|                                                  |                                                         |             |   |   |
|                                                  | $                                                            | 147,404          | $ | 187,516 |
|                                                  |                                                         |             |   |   |
| LIABILITIES                                           |                                                         |             |   |   |
|                                                  |                                                         |             |   |   |
| Current                                               |                                                         |             |   |   |
|                                                  | Accounts      payable and accrued liabilities                | $                | 1,372,388 | $ | 1,299,234 |
|                                                  | Convertible      note, net of discount of $26,528 (Note 4)   |             | 73,472 |   | 71,273 |
|                                                  | Loans      payable (Note 5)                                  |             | 2,449,743 |   | 2,162,142 |
|                                                  |                                                         | 3,895,603        |   | 3,532,649 |
|                                                  |                                                         |             |   |   |
| Project      Funding Advances (Note 3(b))             |                                                         | 234,387          |   | - |
|                                                  |                                                         | 4,129,990        |   | 3,532,649 |
| Commitments      And Contractual Obligations (Note 8) |                                                         |             |   |   |
| Subsequent      Events (Note 11)                      |                                                         |             |   |   |
|                                                  |                                                         |             |   |   |
| STOCKHOLDERS’      DEFICIENCY                   |                                                         |             |   |   |
| Capital      Stock (Note 6)                           |                                                         |             |   |   |
|                                                  | Authorized:                                                  |             |   |   |   |
|                                                  | 100,000,000      Common shares, par value $0.00001 per share |             |   |   |   |
|                                                  | Issued      and outstanding:                                 |             |   |   |   |
|                                                  | 44,839,099      common shares at February 28, 2009           |             | 448 |   | 448 |
|                                                  | 44,801,599      common shares at November 30, 2008           |             |   |   |   |
|                                                  |                                                         |             |   |   |
| Additional      Paid-In Capital                       |                                                         | 19,293,599       |   | 19,072,887 |
| Shares      To Be Issued                              |                                                         | 220,600          |   | 220,600 |
| Share      Purchase Warrants                          |                                                         | 736,300          |   | 736,300 |
| Deferred      Compensation                            |                                                         | (402,950)        |   | (457,150) |
| Deficit      Accumulated During The Development Stage |                                                         | (23,830,583)     |   | (22,918,218) |
|                                                  |                                                         | (3,982,586)      |   | (3,345,133) |
|                                                  |                                                         |             |   |   |
|                                                  | $                                                            | 147,404          | $ | 187,516 |

----

|                                                                               |                                     |                    |    | CUMULATIVE         |
|------------------------------------------------------------------------------------|------------------------------------------|-------------------------|---------|--------------------|
|                                                                               |                                     |                    |    | PERIOD      FROM   |
|                                                                               |                                     |                    |    | INCEPTION          |
|                                                                               |                                     |                    |    | JUNE      10, 2003 |
|                                                                               |                                     | THREE      MONTHS ENDED |    | TO                 |
|                                                                               |                                     | FEBRUARY      28        |    | FEBRUARY      29   |   | FEBRUARY      28 |
|                                                                               |                                     | 2009                    |    | 2008               |   | 2009 |
|                                                                               |                                     |                    |    |               |   |   |
| Revenue                                                                            | $                                        | -                       | $       | -                  | $ | - |
|                                                                               |                                     |                    |    |               |   |   |
| Operating      Expenses                                                            |                                     |                    |    |               |   |   |
|                                                                               | Consulting      fees                     |                    | 256,619 |               | 259,299 |   | 3,108,204 |
|                                                                               | Finance      charges                     |                    | 2,199   |               | - |   | 2,022,468 |
|                                                                               | Interest      and bank charges           |                    | 35,031  |               | 3,469 |   | 184,128 |
|                                                                               | Office      and sundry                   |                    | 63,567  |               | 184,325 |   | 1,317,743 |
|                                                                               | Professional      fees                   |                    | 7,802   |               | 48,251 |   | 719,362 |
|                                                                               | Project      development expenses        |                    | 301,726 |               | 965,733 |   | 6,372,154 |
|                                                                               | Stock-based      compensation            |                    | 251,562 |               | 486,500 |   | 7,266,255 |
|                                                                               |                                     | 918,506                 |    | 1,947,577          |   | 20,990,314 |
|                                                                               |                                     |                    |    |               |   |   |
| Operating      Loss, before      other income (expense) and minority interest |                                     | (918,506)               |    | (1,947,577)        |   | (20,990,314) |
|                                                                               |                                     |                    |    |               |   |   |
| Other      Income (Expense)                                                        |                                     |                    |    |               |   |   |
|                                                                               | Impairment      of advances (Note 3 (a)) |                    | -       |               | - |   | (2,837,160) |
|                                                                               | Impairment      of intangibles           |                    | -       |               | - |   | (357,100) |
|                                                                               | Interest      income                     |                    | 1,041   |               | - |   | 60,046 |
|                                                                               |                                     |                    |    |               |   |   |
| Loss      Before Minority Interest                                                 |                                     | (917,465)               |    | (1,947,577)        |   | (24,124,528) |
|                                                                               |                                     |                    |    |               |   |   |
| Minority      Interest In Operations Of Consolidated Subsidiaries                  |                                     | 5,100                   |    | 9,834              |   | 293,945 |
|                                                                               |                                     |                    |    |               |   |   |
| Net      Loss                                                                      | $                                        | (912,365)               | $       | (1,937,743)        | $ | (23,830,583) |
|                                                                               |                                     |                    |    |               |   |   |
| Basic      And Diluted Loss Per Common Share                                       | $                                        | (0.02)                  | $       | (0.05)             |   |   |
|                                                                               |                                     |                    |    |               |   |   |
| Weighted      Average Number Of Common Shares Outstanding                          |                                     | 44,808,682              |    | 42,655,926         |   |   |

----

|                                                                               |             |                    |     |             | CUMULATIVE            |   |
|------------------------------------------------------------------------------------|------------------|-------------------------|----------|------------------|-----------------------|--------|
|                                                                               |             |                    |     |             | PERIOD      FROM      |   |
|                                                                               |             |                    |     |             | INCEPTION             |   |
|                                                                               |             | THREE      MONTHS ENDED |     |             | JUNE      10, 2003 TO |   |
|                                                                               | FEBRUARY      28 |                    |     | FEBRUARY      29 |                  |   | FEBRUARY      28 |   |
|                                                                               | 2009             |                    |     | 2008             |                  |   | 2009 |   |
| Cash      Flows (Used In) Provided By:Operating      Activities                    |             |                    |     |             |                  |   |   |   |   |
| Net      loss for the period                                                       |             | $                       | (912,365 | )                |                  | $      | (1,937,743 | ) |   | $ | (23,830,583 | ) |
| Adjustments      to reconcile net loss to net cash used by operating    activities |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Depreciation                                                                       |             |                    | 6,419    |             |                  |   | 6,402 |   |   |   | 47,540 |   |
| Minority      interest in operations of consolidated subsidiaries                  |             |                    | (5,100   | )                |                  |   | (9,834 | ) |   |   | (293,945 | ) |
| Non-cash      finance charges                                                      |             |                    | 2,199    |             |                  |   | - |   |   |   | 2,022,468 |   |
| Stock-based      compensation                                                      |             |                    | 251,562  |             |                  |   | 486,500 |   |   |   | 7,266,255 |   |
| Non-cash      consulting services                                                  |             |                    | 23,350   |             |                  |   | 28,486 |   |   |   | 760,380 |   |
| Non-cash      license fee                                                          |             |                    | -        |             |                  |   | - |   |   |   | 165,000 |   |
| Non-cash      settlement                                                           |             |                    | -        |             |                  |   | - |   |   |   | 19,300 |   |
| Accrued      interest                                                              |             |                    | 34,630   |             |                  |   | - |   |   |   | 152,631 |   |
| Impairment      of intangible assets                                               |             |                    | -        |             |                  |   | - |   |   |   | 357,100 |   |
| Impairment      of advances                                                        |             |                    | -        |             |                  |   | - |   |   |   | 2,837,160 |   |
| Changes      to operating assets and liabilities                                   |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Amounts      receivable                                                            |             |                    | 64,838   |             |                  |   | (171,091 | ) |   |   | (129,939 | ) |
| Prepaid      expenses                                                              |             |                    | (8,817   | )                |                  |   | 59,214 |   |   |   | (17,225 | ) |
| Accounts      payable and accrued liabilities                                      |             |                    | 43,967   |             |                  |   | (91,103 | ) |   |   | 1,320,347 |   |
|                                                                               |             |                    | (499,317 | )                |                  |   | (1,629,169 | ) |   |   | (9,323,511 | ) |
| Investing      Activities                                                          |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Acquisition      of equipment and intangible asset                                 |             |                    | -        |             |                  |   | (5,103 | ) |   |   | (63,176 | ) |
| Pilot      project facilities and equipment                                        |             |                    | -        |             |                  |   | - |   |   |   | (2,718,160 | ) |
|                                                                               |             |                    | -        |             |                  |   | (5,103 | ) |   |   | (2,781,336 | ) |
| Financing      Activities                                                          |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Issue      of share capital, net of issuance costs                                 |             |                    | -        |             |                  |   | 2,000,011 |   |   |   | 7,907,588 |   |
| Net      proceeds from convertible notes                                           |             |                    | -        |             |                  |   | - |   |   |   | 1,525,000 |   |
| Advances      from minority interest                                               |             |                    | 5,100    |             |                  |   | 19,240 |   |   |   | 97,445 |   |
| Loan      advances (repayments) - net                                              |             |                    | 287,600  |             |                  |   | (362,058 | ) |   |   | 2,449,573 |   |
| Project      Funding Advances                                                      |             |                    | 228,945  |             |                  |   | - |   |   |   | 228,945 |   |
|                                                                               |             |                    | 521,645  |             |                  |   | 1,657,193 |   |   |   | 12,208,551 |   |
| Increase      In Cash                                                              |             |                    | 22,328   |             |                  |   | 22,921 |   |   |   | 103,704 |   |
| Cash,      Beginning Of Period                                                     |             |                    | 81,376   |             |                  |   | 11,779 |   |   |   | - |   |
| Cash,      End Of Period                                                           |             | $                       | 103,704  |             |                  | $      | 34,700 |   |   | $ | 103,704 |   |
| Supplemental      Information                                                      |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Cash      Activities:                                                              |             |                    |     |             |                  |   |   |   |   |   |   |   |
| Interest      paid                                                                 |             | $                       | -        |             |                  | $      | - |   |   |   |   |   |
| Income      taxes paid                                                             |             | $                       | -        |             |                  | $      | - |   |   |   |   |   |
| Non-Cash      Investing and Financing Activities (Note 9)                          |             |

----

| 1.     | NATURE      OF OPERATIONS AND GOING CONCERN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |
|   | Global      Green Solutions Inc. is a development stage company and is devoting      substantially all of its present efforts to establishing a new business.      That business has primarily been focused on two areas: waste biomass      combustion to generate industrial process steam and electrical power, and      the production of algae biomass for biofuel feedstock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The      Company conducts a portion of its operations through certain subsidiaries.      Global Greensteam LLC, a California corporation owned 100% is developing      its Greensteam technology and projects that convert biomass (primarily      wood and crop waste) to low-cost steam.  The steam can be used      for industrial purposes or to generate electrical power. Global Green      Solutions Pty Ltd., a South African corporation owned 60% is marketing and      developing business opportunities in South and Southern Africa, primarily      for Greensteam projects. Global Green Solutions Ltd, a United Kingdom      corporation owned 100% has no operations or activity other than through      its 60% holding in PTY. Three other subsidiaries are    inactive.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | Vertigro      Algae Technologies LLC, a Texas corporation (“VAT”); is the entity through      which the Company and its 50% partner, Valcent USA, Inc. (“VUI”) continued      development of a joint project to use algae as a source for biofuel      feedstock and other products.  The Company in 2008 restructured      its operations to focus on its commercial stage Global Greensteam      business.  To maximize working capital for its Greensteam      projects, GGRN agreed on September 26, 2008 to sell its 50% ownership in      VAT to VUI, which is a wholly-owned subsidiary of Valcent Products      Inc.  The agreement was not completed prior to the closing date      of Mar 27, 2009. As a result, the company is re-evaluating its options      with respect to the best use of its interest in VAT. (See Note      3).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The      accompanying financial statements have been prepared assuming the Company      will continue as a going concern. As shown in the accompanying financial      statements, the Company has incurred a net loss of $23,830,583 for the      period from June 10, 2003 (inception) to February 28, 2009, has a      stockholders’ deficiency, and has no revenue.  The future of the      Company is dependent upon its ability to obtain financing and upon future      profitable operations from the development and marketing of its projects.      The Company plans to continue as a going concern by actively developing      and marketing its waste biomass combustion projects. It intends to raise      additional capital for the development and marketing of its projects      primarily through the issuance of common shares and or the issuance of      debt securities. It may also raise additional capital by selling interests      in its projects, although there are no current plans to do so at this      time. There can be no assurance that the Company will be successful in      marketing and developing its projects or in securing financing. These      financial statements do not include any adjustments relating to the      recoverability and classification of recorded assets, or the amounts of      and classification of liabilities that might be necessary in the event the      Company cannot continue in existence. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The      unaudited financial information furnished herein reflects all adjustments,      which in the opinion of management are necessary to fairly state the      Company’s financial position and the results of its operations for the      periods presented. These statements should be read in conjunction with the      Company’s financial statements and notes thereto for the fiscal year ended      November 30, 2008. The Company assumes that users of the interim financial      information herein have read or have access to the audited financial      statements for the preceding fiscal year and that the adequacy of      additional disclosure needed for a fair presentation may be determined in      that context. Accordingly, certain footnote disclosure, which would      substantially duplicate the disclosure contained in the November 30, 2008      financial statements has been omitted. The results of operations for the      three month period ended February 28, 2009 are not necessarily indicative      of results for the entire year ending November 30,  2009.                                                                                                                                                                                                                                                                                                                                                                   |

----

| 2.     | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Principles      of Consolidation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | The      accompanying consolidated financial statements include the Company and its      subsidiaries or entities consolidated under the provisions of Financial      Accounting Standards Board ("FASB") Interpretation No. 46, as      revised, Consolidation of Variable Interest Entities ("FIN 46R"). All      inter-company balances and transactions have been eliminated in      consolidation.                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | FIN 46R      addresses the consolidation of certain business entities in which equity      investors do not have the characteristics of a controlling financial      interest or do not have sufficient equity at risk for the entity to      finance its activities without additional subordinated financial support      from other parties ("variable interest entities"). Variable interest      entities are required to be consolidated by their primary      beneficiaries.                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Use      of Estimates and Assumptions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | Preparation      of the Company’s financial statements in conformity with United States      generally accepted accounting principles (“GAAP”) requires management to      make estimates and assumptions that affect certain reported amounts and      disclosures.  Accordingly, actual results could differ from      those estimates.  The significant areas requiring management’s      estimates and assumptions relate to determining the fair value of      stock-based compensation, fair value of shares issued for services and the      acquisitions, and useful lives of long-lived assets. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Development      Stage Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | The      Company is a development stage company as defined by Financial Accounting      Standards No. 7.  The Company is devoting substantially all of      its present efforts to establishing a new business.  All losses      accumulated since inception have been considered as part of the Company’s      development stage activities.                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Equipment      and Depreciation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | Equipment      is stated at net book value.  Depreciation is computed using the      straight line method, over twenty-four months, to allocate the cost of      depreciable assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Deferred      Financing Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The      Company defers direct costs incurred in connection with the sale of common      shares which are offset against the proceeds of the financing upon      completion. Costs incurred in connection with convertible notes are      deferred and amortized as a financing cost over the term of the      convertible loans. Upon conversion of the loan, any unamortized amount of      deferred financing costs is charged to stockholders' equity as a cost of      financing.                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Financial      Instruments and Concentration Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | The      fair value of financial instruments which include cash, amounts      receivable, accounts payable and accrued liabilities and loans payable      were estimated to approximate their carrying value due to the immediate or      relatively short maturity of these instruments.  Management does      not believe that the Company is subject to significant interest currency      or credit risks arising from these financial  instruments.                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | The      Company accounts for common stock purchase warrants at fair value in      accordance with EITF 00-19, “Accounting for Derivative Financial      Instruments Indexed to and Practically Settled in, a Company’s Own      Stock”.  The Black-Scholes option pricing valuation method is      used to determine fair value of these warrants.  Use of this      method requires that the Company make assumptions regarding stock      volatility, dividend yields, expected term of the warrants and risk-free      interest rates.                                                                     |

----

| 2.     | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Basic      and Diluted Net Income (Loss) Per Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | The      Company computes net income (loss) per share in accordance with SFAS No.      128, "Earnings per Share", which requires presentation of both basic and      diluted earnings per share (EPS) on the face of the income statement.      Basic EPS is computed by dividing net income (loss) available to common      shareholders (numerator) by the weighted average number of shares      outstanding (denominator) during the period. Diluted EPS gives effect to      all dilutive potential common shares outstanding during the period using      the treasury stock method and convertible preferred stock using the      if-converted method. In computing Diluted EPS, the average stock price for      the period is used in determining the number of shares assumed to be      purchased from the exercise of stock options or warrants. Diluted EPS      excludes all dilutive potential shares if their effect is anti      dilutive.                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Foreign      Currency Translation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   | The      Company’s functional and reporting currency is the United States dollar.      Monetary assets and liabilities denominated in foreign currencies are      translated in accordance with SFAS No. 52 “Foreign Currency Translation”,      using the exchange rate prevailing at the balance sheet date. Gains and      losses arising on settlement of foreign currency denominated transactions      or balances are included in the determination of income. Foreign currency      transactions are primarily undertaken in Canadian dollars. The Company has      not, to the date of these financials statements, entered into derivative      instruments to offset the impact of foreign currency      fluctuations.                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Stock-Based      Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | On      December 1, 2005, the Company adopted the fair value recognition      provisions of Financial Accounting Standards Board (“FASB”) Statement No.      123(R), Share-Based      Payment, (“SFAS 123R”).  The Company adopted SFAS 123R      using the modified-prospective-transition method.  Under this      method, compensation cost recognized for all periods prior to December 1,      2005 includes: a) compensation cost for all share-based payments granted      prior to, but not yet vested as of November 30, 2005, based on the      grant-date fair value estimated in accordance with the original provisions      of SFAS 123, and b) compensation cost for all share-based payments granted      subsequent to November 30, 2005, based on the grant-date fair value      estimated in accordance with the provisions of SFAS 123R.  In      addition, deferred stock compensation related to non-vested options is      required to be eliminated against additional paid-in capital upon adoption      of SFAS 123R. The results for periods prior to December 1, 2005 were not      restated. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | The      Company accounts for equity instruments issued in exchange for the receipt      of goods or services from parties other than employees in accordance with      SFAS No. 123 and the conclusions reached by the Emerging Issues Task Force      (“EITF”) in Issue No. 96-18.  Costs are measured at the      estimated fair market value of the consideration received or the estimated      fair value of the equity instruments issued, whichever is more reliably      measurable.  The value of equity instruments issued for      consideration other than employee services is determined on the earliest      of a performance commitment or completion of performance by the provider      of goods or services as defined by EITF 96-18.                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Recent      Accounting Pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | In      March 2008, the FASB issued FASB Statement No. 161, Disclosures about      Derivative Instruments and Hedging Activities – An Amendment of FASB      Statement No. 133 (“SFAS 161”).  SFAS 161 amends and expands the      disclosure requirements of Statement 133 with the intent to provide users      of financial statements with an enhanced understanding of how and why an      entity uses derivative instruments, how derivative instruments and related      hedged items are accounted for under Statement 133 and its related      interpretations, and how derivative instruments and related hedged items      affect an entity’s financial position, financial performance, and cash      flows.  SFAS 161 is effective for fiscal years, and interim      periods within those fiscal years, beginning on or after November 15,      2008.  The Company will adopt SFAS 161 in December,      2009.                                                                                                                                                                                              |

----

| 2.     | SUMMARY      OF SIGNIFICANT ACCOUNTING POLICIES (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Recent      Accounting Pronouncements (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | In      May 2008, the FASB issued SFAS No. 162, “The Hierarchy of Generally      Accepted Accounting Principles,” or SFAS 162. SFAS 162 is intended to      improve financial reporting by identifying a consistent framework, or      hierarchy, for selecting accounting principles to be used in preparing      financial statements that are presented in conformity with U.S. GAAP for      nongovernmental entities. SFAS 162 is effective 60 days following the      Securities and Exchange Commission’s approval of the Public Company      Accounting Oversight Board’s amendments to AU Section 411, “The Meaning of      Present Fairly in Conformity with Generally Accepted Accounting      Principles”. The Company is currently evaluating the impact of adopting      SFAS 162 but does not expect that it will have a significant effect on its      financial position, cash flows or results ofoperations.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | In      May 2008, the FASB issued FSP Accounting Principles Board Opinion No.      14-1, “Accounting for Convertible Debt Instruments That May Be Settled in      Cash upon Conversion (Including Partial Cash Settlement)” (“FSP      14-1”).  FSP 14-1 requires issuers of convertible debt      instruments that may be settled in cash to separately account for the      liability and equity components in a manner that will reflect the entity’s      nonconvertible debt borrowing rate when interest cost is recognized in      periods subsequent to adoption.  Upon adoption of FSP 14-1, the      Company will allocate a portion of the proceeds received from the issuance      of convertible notes between a liability and equity component by      determining the fair value of the liability component using the Company’s      non-convertible debt borrowing rate.  The difference between the      proceeds of the notes and the fair value of the liability component will      be recorded as a discount on the debt with a corresponding offset to      paid-in-capital.  The resulting discount will be accreted by      recording additional non-cash interest expense over the expected life of      the convertible notes using the effective interest rate      method.  The provisions of FSP 14-1 are to be applied      retrospectively to all periods presented upon adoption and are effective      for fiscal years beginning after December 15, 2008 and interim periods      within those fiscal years.  The Company is in the process of      evaluating the impact FSP 14-1 will have on the Company’s financial      position and results of operations upon adoption. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3.     | PROJECT      DEVELOPMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Algae      Biofuel Project |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | On      October 2, 2006, and as amended June 25, 2007 the Company entered into an      agreement with Pagic LP, Valcent Products Inc. (“Valcent”), and West Peak      Ventures of Canada Limited. Under the terms of the agreement, Valcent and      the Company agreed to jointly participate in the development of a patent      pending, biomass system to produce hydrocarbons while sequestering CO2, by      growing certain algae. The amended agreement was to be the basis for a      definitive contract between the Company and Valcent, which will be the      governing document for the new venture. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | The      agreement in place at November 30, 2007 required the Company to contribute      up to $3 million to cover the estimated cost of the plant, with any      further costs to be shared 50/50 with Valcent. The method of recovering      the $3 million initial startup loan capital was to be determined in the      final, definitive agreement. Costs incurred to November 30, 2007 in      connection with the advances made by the Company, have been for (i) the      acquisition and construction of the project facilities; (ii) acquisition      of project equipment; (iii) materials, supplies and other project costs;      and (iv) general and administrative expenses. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | At      November 30, 2007, the Company was still in negotiations with Valcent for      a final agreement. In May, 2008, the Company and Valcent formalized an      agreement to continue the development of the project through Vertigro      Algae Technologies, LLC (the “LLC”) of which the Company and Valcent USA,      Inc. (a subsidiary of Valcent) (“VUI”) each own 50 percent. Under that      agreement, the existing assets are transferred to Valcent      Manufacturing |

----

| 3.     | PROJECT      DEVELOPMENT (Continued) |
|--------|--------------------------------------|
|   |                                 |   |
|   | a)                                   | Algae      Biofuel Project (Continued) |
|   |                                 |   |
|   |                                 | Inc.,      a wholly owned subsidiary of Valcent, while the Company is to receive $3      million on a priority basis from the net cash flow of the LLC. The Company      is to receive 70% of any such net cash flow until it has received $3      million in excess of its percentage interest of such cash flow. In      connection with a license technology agreement entered into by the LLC,      the Company agreed to issue 300,000 restricted common shares with a      combined fair value of $165,000 as its share of a one-time license fee.      The amount was expensed in the period and is included in Shares To Be      Issued. The 300,000 shares were issued March 3, 2009. |
|   |                                 |   |
|   |                                 | The      preliminary carrying value of the advances totaling $2,718,160 at November      30, 2007 was deemed to be impaired owing to uncertainty that cash flow      will result from the project and was charged to operations. Costs incurred      in connection with the algae biofuel project and charged to project      development expenses totaled $74,903 during the three months ended      February 28, 2009 (2008: $473,430), $1,192,317 during the year ended      November 30, 2008, and $1,110,670 during the year ended November 30,      2007. |
|   |                                 |   |
|   |                                 | On      September 26, 2008, the Company concluded an agreement (the “Agreement”)      with VUI to sell the Company’s 50% ownership in the LLC to VUI. Under      terms of the Agreement, subject to closing within 60 days, the Company was      to receive $5 million, less advances made by Valcent on the Company’s      behalf through July 31, 2008 pursuant to the LLC’s Operating Agreement      (the “Cash Proceeds”), and 5,000,000 common shares of      Valcent.  Advances to be deducted from the $5 million were      estimated to total $324,000, which would result in Cash Proceeds to the      Company of approximately $4,676,000.  Closing of the Agreement      was conditional on Valcent obtaining $10 million in a private offering, of      which the Cash Proceeds amount was specifically earmarked for payment      under the Agreement. The Company was to retain rights for the commercial      deployment of VAT technology when integrated with Greensteam projects and      specific biomass power generation applications. The agreement was not      completed prior to the closing date of Mar 27, 2009. As a result, the      company is re-evaluating its options with respect to the best use of its      interest in VAT. |
|   |                                 |   |
|   | b)                                   | Waste      Biomass Fueled Steam Generation Project |
|   |                                 |   |
|   |                                 | On      February 20, 2007 the Company completed an acquisition agreement for      Greensteam Development Inc., which resulted in Global Greensteam LLC      (“Greensteam”), a venture with two other companies for the purpose of      converting waste biomass into low cost steam for industrial      applications.  The Company’s interest in the new venture      initially was 57%, with the other two companies holding 38% and 5%      respectively.  The Company’s ownership interest increased to 95%      in December, 2007 and 100% in April, 2008 when it acquired first the 38%      and then the 5% held by the two other companies. |
|   |                                 |   |
|   |                                 | 600,000      shares of the Company to be issued to the initial 38% interest holder as      contingent consideration will now be issued as follows: |
|   |                                 |   |
|   |                                 | i) | 150,000      shares upon delivery of commercial steam generation from the first unit      after successful experimental testing and operational permitting and      accepted by the customer purchasing the steam as the steam production      commencement date; |
|   |                                 |   |   |
|   |                                 | ii) | 150,000      shares upon delivery of commercial steam generation from the fourth unit      after successful operational testing and accepted by the customer      purchasing the steam as the steam production commencement      date; |

----

| 3.     | PROJECT      DEVELOPMENT (Continued) |
|--------|--------------------------------------|
|   |                                 |
|   | b)                                   | Waste      Biomass Fueled Steam Generation Project (Continued) |
|   |                                 |   |
|   |                                 | iii) | 150,000      shares upon delivery of commercial steam generation from the seventh unit      after successful operational testing and accepted by the customer      purchasing the steam as the steam production commencement      date; |
|   |                                 |   |   |
|   |                                 | iv) | 150,000      shares upon delivery of commercial steam generation from the tenth unit      after successful operational testing and accepted by the customer      purchasing the steam as the steam production commencement      date. |
|   |                                 |   |
|   |                                 | In      recognition of design, supply and support services to be contributed by      the initial 5% partner, the Company was originally to issue 150,000 shares      of restricted common stock in three amounts of 50,000 each after 5, 10,      and then 15 steam generating units became operational.  As part      of the agreement in April, 2008 for the Company to acquire the 5% of      Greensteam, the 5% partner agreed to forego all entitlement to the 150,000      shares of the Company as originally contemplated; |
|   |                                 |   |
|   |                                 | During      the year ended November 30, 2008, the Company concluded that $119,000 in      advances it had made to the company that was the initial 5% partner were      unlikely to be recovered due to ongoing financial difficulties experienced      by that company. The full amount of the advances was therefore      impaired. |
|   |                                 |   |
|   |                                 | The      consideration to be paid by the Company to third parties in connection      with the acquisition agreement is the issuance of 4 million shares as      follows: |
|   |                                 |   |
|   |                                 | - | 150,000      shares of restricted common stock upon execution of the definitive      agreement (issued in the year ended November 30, 2007); |
|   |                                 | - | 850,000      shares of restricted common stock upon execution of a steam supply      contract or similar contract with a major oil company; |
|   |                                 | - | 500,000      shares of restricted common stock if the initial steam generating unit      achieves reasonably acceptable commercial production; |
|   |                                 | - | 500,000      shares of restricted common stock upon the earlier of (a) the one year      anniversary of the execution of a steam supply contract, or (b)      commissioning of a 4th steam generating unit; |
|   |                                 | - | 1,000,000      shares of restricted common stock upon the earlier of (a) the      commissioning of the 10th steam generating unit or (b) the second      anniversary of the steam supply contract; |
|   |                                 | - | 1,000,000      shares of restricted common stock upon the earlier of (a) commissioning of      the 15th steam generating unit or (b) the second anniversary of the      execution of a steam supply contract. |
|   |                                 |   |
|   |                                 | Greensteam      entered into a Program Agreement with Aera Energy LLC (“Aera”), an oil and      gas company, on March 31, 2008 and a First Amendment to the Program      Agreement, effective October 22, 2008 (the “Amendment”).  The      Program Agreement provides for a test, or demonstration unit, which will      use Greensteam’s waste-to-steam technology to burn waste biomass to create      steam, to be built at a location of the oil and gas      company.  The Program Agreement also provides that up to ten      commercial scale units could be built, depending on the results of the      test unit. |
|   |                                 |   |
|   |                                 | The      demonstration unit will be approximately one-quarter the size of the      commercial scale units and is expected to cost approximately $5.5      million.  Under the terms of the Amendment, up to $3 million of      this cost will be contributed by Aera.  That amount is to be      repaid through a discount on the price of steam to be sold to Aera from      the commercial scale units.  Depending on the completion date of      the first commercial scale project, the amount  of |

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| 3.     | PROJECT      DEVELOPMENT (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Waste      Biomass Fueled Steam Generation Project (Continued) |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | the      discount ranges from $3.9 million to $5 million.  The difference      between the funding advances and the amount of the discount is being      recorded as interest over the period to the commencement of delivery of      steam from the first commercial scale project. As of February 28, 2009,      $228,945 had been advanced from Aera under the terms of the Amendment and      $5,442 had been recorded as the estimated interest accrued      thereon. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | If      the demonstration unit fails to meet its specified test requirements as      defined in the Amendment, then Greensteam is required to pay to Aera an      early termination fee (“ETF”) of $3.9 million, or at Aera’s option, an      equal value of stock in the Company (see Note 6(d)). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | If      the specified test requirements are met, the full scale emissions permit      is received, and funding is obtained for a commercial full scale project,      but Greensteam fails to implement the full scale period project(s), then      the Company is required to pay to Aera an ETF of $3.9 million, or at      Aera’s option, an equal value of stock in the Company (see Note      6(d)). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | If      the demonstration unit is completed and it meets the specified test      requirements, but the full scale emissions permit cannot be obtained or      the first commercial full scale project cannot be funded, then Greensteam      will be required to pay to Aera an ETF of $1.5 million, or at Aera’s      option, an equal value of stock in the Company (see Note      6(d)). |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Expenditures      incurred in connection with the steam generation project and charged to      project development costs in the three months ended February 28, 2009      totaled $215,381 (2008: $432,811), $1,673,131 in the year ended November      30, 2008 and $717,895 in the year ended November 30,  2007. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.     | CONVERTIBLE      NOTE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | On      November 7, 2008, the Company issued a convertible note (the “note”) in      the aggregate amount of $100,000 due and payable on October 31, 2010      together with interest at the rate of 6% per annum compounded      annually.  At the election of the holder, the note and interest      accrued thereon were convertible into units at a rate of $0.16 per      unit.  Each unit is comprised of one restricted share of common      stock and one share purchase warrant.  Each share purchase      warrant entitles the holder to purchase an additional common share at      $0.25 per share for a two year term from the date of conversion. None of      the note or accrued interest has been converted into common stock. On      February 6, 2009, the Company revised certain terms of the note to match a      current offering as follows: interest at the rate of 12% per annum      compounded annually; convertible into units at the rate of $0.10 per      unit.  All other terms remain unchanged.                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | In      accordance with the provisions of EITF Issue No. 00-27 “Application of      Issue No. 98-5 to Certain Convertible Instruments” (“EITF 00-27”), the      Company recognized the value of the embedded beneficial conversion feature      of $29,412.  The fair value of the embedded beneficial      conversion feature was estimated to be the difference between the issue      date fair value and face amount of the debt with the fair value of the      debt being determined on a relative fair value basis, based on the      underlying estimated fair values of the common shares and share purchase      warrants issuable on conversion.  The embedded beneficial      conversion feature was recorded as a charge to additional paid-in capital      with the resulting debt discount being accreted over the term of the note      using the effective interest amortization method.  In the event      of conversion of the note, the proceeds will be allocated $29,412 to the      share purchase warrants issued and $70,588 to the common shares      issued.  To February 28, 2009, the Company has recorded      accretion of $2,884 and accrued interest of  $3,715. |

----

| 5.     | LOANS      PAYABLE                                                                                                                                                                 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                               |
|   | The      Company was indebted to directors, officers, related parties, and other      persons as at February 28, 2009 for short term loans totaling $2,449,743      (2008 - $NIL). |
|   |                                                                                                                                                                               |
|   | -                                                                                                                                                                                  | Of      that total, $1,372,488 is unsecured, non-interest bearing, and with no      specific terms of repayment, including $75,000 from a company controlled      by a major shareholder. |
|   |                                                                                                                                                                               |   |
|   | -                                                                                                                                                                                  | $1,077,255      of the total is due to directors, officers and related parties, is also      unsecured, but bears simple interest of 10% per annum, with monthly      compounding to commence at maturity dates ranging from April 10, 2009 to      December 19, 2009.  To February 28, 2009, the Company has      recorded accrued interest of $68,026. |
|   |                                                                                                                                                                               |
| 6.     | CAPITAL      STOCK                                                                                                                                                                 |
|   |                                                                                                                                                                               |
|   | a)                                                                                                                                                                                 | Common      Stock |
|   |                                                                                                                                                                               |   |
|   |                                                                                                                                                                               | During      the three months ended February 28, 2009, the Company issued 37,500 shares      with a fair value of $3,750 in connection with a consulting agreement, all      of which was expensed in the period. |
|   |                                                                                                                                                                               |   |
|   | b)                                                                                                                                                                                 | Stock      Options |
|   |                                                                                                                                                                               |   |
|   |                                                                                                                                                                               | During      the three months ended February 28, 2009, the Company had the following      stock option activity: |
|   |                                                                                                                                                                               |   |
|   |                                                                                                                                                                               |   | The      Company granted a total of 3,435,000 stock options at an exercise price of      $0.20 per share.  In accordance with SFAS 123R, the Company      expenses the fair value of these options, estimated to be      $171,750.  This amount will be expensed on a straight-line basis      over the related option vesting period or service contract      period. |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               |   | To      February 28, 2009, the Company has expensed $167,270 of this fair value      and $4,480 will be recorded on the future vesting of these      options. |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               | During      the year ended November 30, 2008, the Company had the following stock      option activity: |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               |   | The      Company granted a total of 999,850 stock options at exercise prices      ranging from $0.00001 to $0.50 per share.  In accordance with      SFAS 123R, the Company expenses the fair value of these options, estimated      to be $479,300.  Of this amount, $460,000 will be expensed on a      straight-line basis, over the related option vesting period or service      contract period and the remaining $19,300 was recorded as debt settlement      consideration in connection with the settlement of $19,500 owing under a      consulting agreement. |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               |   | As      of February 28, 2009, the Company has expensed $254,235 (November 30,      2008: 204,543) of this fair value and $225,065 (November 30, 2008:      $274,757) will be recorded on the future vesting of these      options. |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               | During      the year ended November 30, 2007, the Company had the following stock      option activity: |
|   |                                                                                                                                                                               |   |   |
|   |                                                                                                                                                                               |   | The      Company granted a total of 1,640,000 stock options at exercise prices      ranging from $0.00001 to $1.06 per share.  In accordance with      SFAS 123R, the Company expenses the fair value of these options, estimated      to be $1,498,050 on a straight-line basis, over the related option vesting      period or service contractperiod. |

----

| 6.     | CAPITAL      STOCK (Continued)                               |
|--------|--------------------------------------------------------------|
|   |                                                         |
|   | b)                                                           | Stock      Options (Continued) |
|   |                                                         |   |
|   |                                                         | To      February 28, 2009, the Company has expensed $1,236,550 (November 30,      2008:$1,201,950) of this fair value, $164,300 (November 30, 2008:$198,900)      has been recorded as deferred compensation in stockholders’ equity, and      $97,200 relates to options which were forfeited prior to      vesting. |
|   |                                                         |   |
|   |                                                         | The      following table provides certain information with respect to the above      stock options that are outstanding and exercisable at February 28,      2009: |
|   |                                                         |   |   |   |   |   |   |
|   |                                                         |   |   | Stock      options | Stock      Options | Weighted      Average |   |
|   |                                                         |   | Exercise | Issued      and | Outstanding      and | Remaining |   |
|   |                                                         |   | Price | Outstanding | Exercisable | Contractual      Life |   |
|   |                                                         |   |   |   |   |   |   |
|   |                                                         |   | $0.50 | 200,000 | 200,000 | 0.15      years |   |
|   |                                                         |   | $0.50 | 1,100,000 | 1,100,000 | 0.71      years |   |
|   |                                                         |   | $0.50 | 500,000 | 500,000 | 0.79      years |   |
|   |                                                         |   | $0.50 | 15,000 | 15,000 | 1.38      years |   |
|   |                                                         |   | $0.50 | 500,000 | - | 1.08      years |   |
|   |                                                         |   | $0.50 | 300,000 | - | 1.17      years |   |
|   |                                                         |   | $1.00 | 300,000 | 300,000 | 0.88      years |   |
|   |                                                         |   | $1.00 | 300,000 | 300,000 | 1.13      years |   |
|   |                                                         |   | $1.00 | 200,000 | 200,000 | 1.33      years |   |
|   |                                                         |   | $0.20 | 2,660,000 | 2,660,000 | 2.90      years |   |
|   |                                                         |   | $0.20 | 100,000 | - | 2.90      years |   |
|   |                                                         |   | $0.20 | 675,000 | 675,000 | 2.94      years |   |
|   |                                                         |   |   |   |   |   |   |
|   |                                                         |   |   | 6,850,000 | 5,950,000 |   |   |
|   |                                                         |   |   |   |   |   |   |
|   |                                                         | The      Company’s stock option activity for the periods ended February 28, 2009      and November 30, 2008 is as follows: |
|   |                                                         |
|   |                                                         | Number      of Options |   | Weighted      AverageExercise      Price | Weighted      AverageRemainingContractual      Life |   |
|   | Balance      outstanding, November 30, 2007                  | 5,977,500 | $ | 0.49 | 1.64      years |   |
|   |    Granted      during the year               | 999,850 |   | 0.42 |   |   |
|   |    Expired      / forfeited during the year   | (212,500) |   | 1.03 |   |   |
|   |    Exercised      during the year             | (1,374,850) |   | 0.02 |   |   |
|   | Balance      outstanding, November 30, 2008                  | 5,390,000 |   | 0.57 | 0.91      years |   |
|   |    Granted      during the period             | 3,435,000 |   | 0.20 |   |   |
|   |    Expired      / forfeited during the period | (1,975,000) |   | 0.50 |   |   |
|   |    Exercised      during the period           | - |   | - |   |   |
|   | Balance      outstanding, February 28, 2009                  | 6,850,000 | $ | 0.41 | 2.01      years |   |
|   |                                                         |   |   |   |   |   |
|   |                                                         | As      at February 28, 2009, the aggregate intrinsic value (“AIV”) under the      provisions of SFAS No. 123R of all outstanding, vested stock options was      $NIL and the AIV of options exercised during the period ended February 28,      2009 was$NIL. |

----

| 6.     | CAPITAL      STOCK (Continued)                                                             |
|--------|--------------------------------------------------------------------------------------------|
|   |                                                                                       |
|   | c)          Share      Purchase Warrants |
|   |                                                                                       |   |
|   |                                                                                       | The      Company’s share purchase warrant activity for the periods ended February      28, 2009 and November 30, 2008 is as follows: |
|   |                                                                                       |   |   |   | Weighted      Average |
|   |                                                                                       |   | Number      of | Weighted      Average | Remaining |
|   |                                                                                       |   | Warrants | Exercise      Price | Contractual      Life |
|   |                                                                                       |   |   |   |   |   |
|   |                                                                                       | Balance,      November 30, 2007 | 6,654,012 | $ | 1.11 | 0.67      years |
|   |                                                                                       |   | Granted      during the year | 1,176,471 |   | 1.50 |   |
|   |                                                                                       |   | Expired      during the year | (5,995,188) |   | 1.10 |   |
|   |                                                                                       |   | Exercised      during the year |         (200,000) |   | 0.50 |   |
|   |                                                                                       |   |   |   |   |   |
|   |                                                                                       | Balance,      November 30, 2008 | 1,635,295 |   | 1.49 | 1.86      years |
|   |                                                                                       |                          Granted      during the period |                   - |   |           - |   |
|   |                                                                                       |                               Expired      during the period |                   - |   |           - |   |
|   |                                                                                       |                          Exercised      during the period |                   - |   |           - |   |
|   |                                                                                       |   |   |   |   |   |
|   |                                                                                       | Balance,      February 28, 2009 | 1,635,295 | $ | 1.49 | 1.62      years |
|   |                                                                                       |   |
|   |                                                                                       | The      following table provides certain information with respect to the above      share purchase warrants that are outstanding and exercisable at February      28, 2009: |
|   |                                                                                       |
|   |                                                                                       | Exercise      Prices | Warrants      Outstanding and      Exercisable | Weighted      Average Remaining      Contractual      Life |   |
|   |                                                                                       | $1.40 | 150,000 | 2.67      years |   |
|   |                                                                                       | $1.50 | 250,000 | 0.40      years |   |
|   |                                                                                       | $1.50 | 58,824 | 0.75      years |   |
|   |                                                                                       | $1.50 | 1,176,471 | 1.78      years |   |
|   |                                                                                       |   | 1,635,295 |   |   |
|   |                                                                                       |
|   | d)                                                                                         | Restricted      Common Shares in Escrow |
|   |                                                                                       |   |
|   |                                                                                       | In      accordance with the terms of an amendment agreement with Aera Energy LLC      (“Aera”), respecting the biomass fuelled steam generation project, the      Company issued twenty million of its restricted common shares, with Aera’s      name as beneficial owner, to be held in escrow.  The shares, or      some portion of the shares, will only be released to Aera if Global      Greensteam LLC fails to timely pay an early termination fee as defined in      the amendment, should it be required, and Aera exercises its option in      those circumstances to take possession of the shares.  The      amendment and the escrow agreement provide for the eventual return to the      Company of all of the shares placed in escrow in the event that no early      termination fee is required. Under the terms of the escrow agreement,      neither the Company nor Aera have voting or dispositive powers for the      shares while they are in escrow. Therefore the shares are not included in      the total issued and outstanding shares presented or in the determination      of the weighted average number of shares  outstanding. |

----

| 7.     | RELATED      PARTY TRANSACTIONS AND AMOUNTS OWING                                                                                                                                                                                                                                                                                              |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                           |
|   | During      the three months ended February 28, 2009, the Company carried out a number      of transactions with related parties in the normal course of      business.  These transactions were recorded at their exchange      amount, which is the amount of consideration established and agreed to by      the related parties. |
|   |                                                                                                                                                                                                                                                                                                                                           |
|   | The      following are related party transactions and amounts owing at February 28,      2009 that are not disclosed elsewhere in these financial      statements:                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                           |
|   | -                                                                                                                                                                                                                                                                                                                                              | The      Company paid and/or accrued consulting fees to directors and officers and      other related parties of the Company in the amount of $193,832 (2008 -      $189,979). |
|   | -                                                                                                                                                                                                                                                                                                                                              | The      Company paid or accrued $29,282 (2008 - $44,967) in rent and      administration fees to a company controlled by a significant shareholder      of the Company. |
|   | -                                                                                                                                                                                                                                                                                                                                              | $708,274      (2008 - $65,756) was owing to related parties and is included in accounts      payable and accrued liabilities.  These amounts are unsecured,      non-interest bearing, and have no specific terms of repayment. See also      Note 5. |
|   |                                                                                                                                                                                                                                                                                                                                           |
| 8.     | COMMITMENTS      AND CONTRACTUAL OBLIGATIONS                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                           |
|   | Except      as disclosed elsewhere in these consolidated financial statements, the      Company had the following commitments and contractual obligations at      February 28, 2009:                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                           |
|   | a)                                                                                                                                                                                                                                                                                                                                             | The      Company entered into the following agreements with officers, employees and      consultants: |
|   |                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                           | i)            | Effective      February 1, 2007 and having a five year term with a privately held company      controlled by an officer of the Company, to provide services of a Chief      Executive Officer, as well as office premises for the Company in Europe.      This agreement superseded an earlier agreement was that was cancelled by      mutual consent. The fees for providing the services are as      follows: |
|   |                                                                                                                                                                                                                                                                                                                                           |   | • | Base      compensation of $10,791 (8,500 Euros) per month; |
|   |                                                                                                                                                                                                                                                                                                                                           |   | • | Office      rent of $1,523 (1,200 Euros) per month; |
|   |                                                                                                                                                                                                                                                                                                                                           |   | • | $2,539      (2,000 Euros) monthly for European Social costs. |
|   |                                                                                                                                                                                                                                                                                                                                           |   | • | An      annual performance bonus of 1% of net profit. |
|   |                                                                                                                                                                                                                                                                                                                                           |   | The      agreement may be terminated upon provision of 6 months notice by the      Company or 60 days notice by the Chief Executive  Officer. |
|   |                                                                                                                                                                                                                                                                                                                                           |   |   |
|   |                                                                                                                                                                                                                                                                                                                                           | ii) | On      July 13, 2007, effective from March 1, 2007, for the services of a Vice      President, strategy and business development.  The agreement has      a three year term and includes base annual compensation of $130,000, other      payments of $8,000 per annum, incentive bonus stock options, and an option      to purchase 100,000 shares at $0.00001, vesting after satisfactory      completion of a continuous twelve month period from the effective      date.  100,000 shares were issued by August 31,      2008.  Additional bonus stock options may be issued upon the      Company initiating a bonus plan.  The agreement may be      terminated upon three months notice. |
|   |                                                                                                                                                                                                                                                                                                                                           |   |   |
|   |                                                                                                                                                                                                                                                                                                                                           | iii) | On      September 18, 2007, effective from May 1, 2007, for the services of a      Chief Operating Officer.  The agreement has a five year term and      includes base annual compensation of $96,000 plus $12,000 annually for      providing a serviced office, and $48,000 annually for marketing and      communication services.  All amounts are payable      monthly.  The contract may be terminated upon six months      notice. |

----

| 8.     | COMMITMENTS      AND CONTRACTUAL OBLIGATIONS (Continued) |
|--------|----------------------------------------------------------|
|   |                                                     |
|   |                                                     | iv) | Effective      February 1, 2008, with a four year term for the provision of services of a      Corporate Secretary by a consulting firm that is owned and controlled by a      director of the Company.  The agreement includes base      compensation of $6,500 per month, plus applicable Goods and Services      Tax.  The agreement may be terminated by either party upon      thirty days written notice.  In the event of termination upon a      change of control, the consulting firm is entitled to severance      compensation equal to twelve months of base compensation.  This      replaces a previous agreement which had expired. |
|   |                                                     |   |   |
|   |                                                     | v) | Effective      February 1, 2008, with a four year term for the provision of services of a      corporate consulting firm which is owned and controlled by a director of      the Company.  The agreement includes base compensation of $2,500      per month, plus applicable Goods and Services Tax.  The      agreement may be terminated by either party upon thirty days written      notice.  In the event of termination upon a change of control,      the consultant is entitled to severance compensation equal to twelve      months of base compensation.  This replaces a previous agreement      which had expired. |
|   |                                                     |   |   |
|   |                                                     | vi) | Effective      May 1, 2008, for the provision of services of a General Manager for its      subsidiary, Global Green Solutions Pty Ltd. The agreement has a three year      term ending April 30, 2011 and may be terminated on three months notice.      Compensation under this agreement is comprised of a base fee of $81,600      annually, payable monthly, and an option to acquire 100,000 restricted      common shares at $0.00001, vesting immediately. 100,000 shares were issued      by November 30, 2008. |
|   |                                                     |   |   |
|   |                                                     | vii) | Effective      January 1, 2009, with a three year term for the services of a Chief      Financial Officer. The agreement includes base compensation of $8,000 per      month, plus applicable Goods and Services Tax. The agreement may be      terminated upon six months notice by the Company. |
|   |                                                     |   |   |
|   | b)                                                       | Effective      February 23, 2008, the Company entered into an agreement with a twelve      month term for capital markets, corporate finance and communications      advice in Europe.  Compensation under this agreement is      comprised of an engagement fee of $10,500; $10,500 monthly; and 40,000      restricted common shares of the Company per quarter, in      advance.  The agreement was terminated in May,      2008.  However a settlement has not been reached with the      service provider.  80,000 restricted common shares with a      combined fair value of $55,600 were expensed in the year ended November      30, 2008 and are included in the Statement of Stockholders’ Equity as      Shares To Be Issued. |
|   |                                                     |   |
|   | c)                                                       | Effective      May 15, 2008, the Company entered into an agreement for investor relations      services for a twelve month term. The agreement may be terminated by      either party immediately upon provision of written notice. Compensation      under this agreement consists of $10,000 monthly plus 300,000 restricted      common shares with a fair value of $165,000 issued at the inception of the      agreement. Entitlement to the shares vests on the basis of 25,000 shares      per month to the end of the term or to the point the agreement is      terminated, if earlier. The agreement was cancelled by mutual agreement as      of August 15, 2008 and 75,000 restricted common shares with a combined      fair value of $41,250 were expensed in the year ended November 30, 2008.      The parties are currently negotiating the settlement of other amounts      owing to the consultant and the potential return of the unearned      restricted common shares to the Company for  cancellation. |

----

| 8.     | COMMITMENTS      AND CONTRACTUAL OBLIGATIONS (Continued)                                                                                                                                                                                                                                                                                         |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                             |
|   | d)                                                                                                                                                                                                                                                                                                                                               | Effective      January 1, 2009, the Company entered into an agreement with a consultant      for the provision of investor relations services for an initial term of      six months.  Compensation is 37,500 restricted common shares per      month.  The agreement may be extended by mutual agreement after      the initial term, in which event compensation will be $5,000 per      month.  The agreement then may be terminated on thirty days      notice.  The first 37,500 shares were issued on February 11,      2009. Another 37,500 shares were issued on March 23,  2009. |
|   |                                                                                                                                                                                                                                                                                                                                             |   |
|   | e)                                                                                                                                                                                                                                                                                                                                               | On      January 29, 2009, the Company entered into an agreement for services to      assist the Company in raising project and other financing.  The      agreement includes a monthly fee of $8,723 (£6,000) and may be terminated      on sixty days notice. |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 9.     | NON-CASH      INVESTING AND FINANCING ACTIVITIES                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                             |
|   | During      the three months ended February 28, 2009 the Company entered into an      agreement for consulting services which included as compensation 37,500      restricted common shares with a combined fair value of $3,750 which was      expensed.                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                             |
|   | During      the three months ended February 29, 2008:                                                                                                                                                                                                                                                                                            |
|   | -                                                                                                                                                                                                                                                                                                                                                | The      Company entered into an agreement for consulting services which included      as partial compensation 40,000 restricted common shares with a combined      fair value of $31,600 of which $2,086 was expensed in the period and      $29,514 was recorded as deferred compensation; |
|   | -                                                                                                                                                                                                                                                                                                                                                | 1,000,000      unit purchase warrants with a fair value of $140,000 were issued and      included in a private placement. |
|   |                                                                                                                                                                                                                                                                                                                                             |
| 10.    | SEGMENTED      INFORMATION                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                             |
|   | The      Company follows SFAS No. 131, “Disclosure about Segments of an Enterprise      and Related Information”, and currently operates two reportable segments      in the development of renewable energy technologies, being a biofuel      feedstock pilot project and a biomass – fuelled steam generation      project. |
|   |                                                                                                                                                                                                                                                                                                                                             |
|   | a)                                                                                                                                                                                                                                                                                                                                               | Algae      Biofuel Project |
|   |                                                                                                                                                                                                                                                                                                                                             |   |
|   |                                                                                                                                                                                                                                                                                                                                             | This      project involves the development to use algae as a source for biofuel      feedstock and other products. |
|   |                                                                                                                                                                                                                                                                                                                                             |   |
|   | b)                                                                                                                                                                                                                                                                                                                                               | Waste      Biomass – Fuelled Steam Generation Projects |
|   |                                                                                                                                                                                                                                                                                                                                             |   |
|   |                                                                                                                                                                                                                                                                                                                                             | This      project involves the project and technology development and marketing of      renewable energy systems that convert biomass (primarily wood and crop      waste) to low-cost steam. The steam can be used for industrial purposes or      to generate electrical power.  One contract is in the early      commercial stage in the United States, and other project opportunities are      being developed in South Africa. |

----

| 10.    | SEGMENTED      INFORMATION (Continued)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | Financial      information for each segment is presented in the following table. The      accounting policies of each reportable segment are the same as those for      the consolidated company, as described in Note 2, Summary of Significant      Accounting Policies. The corporate and other category includes unallocated      corporate costs related to being a publicly traded company and other head      office costs.                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Three      Months Ended |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | February      29, 2009 | February      29, 2008 |   |
|   | Operating      Loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |
|   | Algae      biofuel project                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 74,903 |   | 473,430 |   |
|   | Waste      biomass-fueled steam and electricpower      generation projects                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 215,381 |   | 432,811 |   |
|   | Other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 11,442 |   | 59,492 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |
|   | Total      reportable segments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 301,726 |   | 965,733 |   |
|   | Corporate      and other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 616,780 |   | 981,844 |   |
|   | Total      operating loss                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $ | 918,506 | $ | 1,947,577 |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 11.    | SUBSEQUENT      EVENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | On      March 2, 2009 the Company issued convertible notes (the “notes”) in the      aggregate amount of $129,405 due and payable on March 2, 2011 together      with interest at the rate of 12% per annum compounded      annually.  At the election of the holder, the note and interest      accrued thereon are convertible into units at a rate of $0.10 per      unit.  Each unit is comprised of one restricted share of common      stock and one share purchase warrant.  Each warrant entitles the      holder to purchase an additional common share at $0.25 per share for a two      year term from the date of conversion.      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | On      March 22, 2009 the Company and a lender renegotiated the terms of an      unsecured, non-interest bearing loan with no specific terms of repayment.      The outstanding balance of the loan at February 28, 2009 was $75,000,      which was subsequently reduced to $44,000.  The loan now bears      simple interest of 10% per annum from the date the loan advances were      received, with monthly compounding to commence at maturity, being December      22, 2009, and to continue until the full amount of the principal and any      accumulated interest is paid. To February 28, 2009, the Company has      recorded $NIL accrued interest for thisloan. |

----

| §   | Greensteam      uses a high thermal efficiency, low air emission technology to      economically generate renewable steam from waste biomass, primarily wood      and crop waste. The steam is to be sold under long term contract for      industrial process heat and for electrical power      co-generation. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | VAT      is the entity through which we and our 50% partner, Valcent USA, Inc.      (“VUI”) continued development of a joint project to use algae as a source      for biofuel feedstock and otherproducts. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Amounts      receivable decreased due to the fact that our 2007 Goods and Services Tax      return was being audited at November 30, 2008 and the 2008 return had not      yet been filed. The receivable balance for both fiscal years was received      prior to February 28, 2009. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Prepaid      expenses increased due to the prepaid portion of a retainer paid to our      auditors. |
|--------------------|-----------------------------------------------------------------------------------------------------|

| §   | Accounts      payable increased due to certain ongoing expenses continuing to be      accrued, not paid, and overall timing of due dates of payable      amounts. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Additional      loans were received in the quarter and were key to enabling us to meet      ongoing funding requirements. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------|

| §   | Project      funding advances were received in the quarter from Aera Energy LLC under      the terms of our agreement with Aera to build a Greensteam demonstration      unit. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Interest      and bank charges increased as a result of the accrual of interest in the      current quarter on loans payable and project funding advances. No similar      liabilities existed in the prior year’s quarter, so no interest was      accrued. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| §   | Office      and sundry expenses decreased in Q1/09 compared to Q1/08 mainly as a      result of a number of one time costs in Q1/08 with no equivalent in Q1/09,      e.g. conference sponsorship, email marketing program, marketing materials,      insurance. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Professional      fees decreased mainly due to timing of certain external accounting fees      and audit retainer, plus one-time legal costs in  Q1/08. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Project      development costs decreased due to 1) our VAT project essentially being in      maintenance mode in Q1/09, pending resolution of the conditional sale of      our 50% interest in that project, and 2) Greensteam engineering work on      the commercial scale project being largely completed by Q1/09 , resulting      in a significant drop in third party engineering and design work, combined      with an intentional slowdown in design and engineering work on the      quarter-scale demonstration unit, necessitated by funding      limitations. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Q1/09      stock-based compensation includes the amortization of the fair value of      vested options granted in the quarter, plus the amortization of the fair      value of shares and options granted in prior periods. The equivalent Q1/08      expense is comprised of the amortization of the fair value of options      granted prior to that quarter, as no options were granted in the period.      The single biggest difference is the $230K amortization expense in Q1/08      of options from May 2006, with no equivalent expense in Q1/09, as the      options were fully amortized bythen. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | We      estimate that our funding requirement for general and administrative      expenditures and business development through February 28, 2010 will total      approximately $1.7 million. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | We      estimate that our Greensteam demonstration project will require      approximately $2.7 million from us through February 28,    2010. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| §   | $3      million is being contributed to the pilot project costs over the same      period by Aera Energy LLC. Aera will recover that project funding via a      discount on the price of steam to be sold to Aera from the first      commercial scale unit. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | We      estimate that the full scale, commercial units that are the revenue      producing components of the Aera project will require approximately $1.1      million from us in pre-construction expenditures through February 28,      2010. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Construction      of the first of up to 10 full scale commercial units is planned to start      in Q1, 2010. Capital costs for the full scale project are estimated to be      $23 million in 2010 and $54 million in 2011. Project funding efforts are      underway but no funding is currently in place for the full scale      project. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | Given      that the sale of our 50% share of VAT was not completed and that we are      currently evaluating the best use of our interest in that project, our      share of costs for VAT going forward can not reasonably be determined at      this time. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| Exhibit      No. | Document      Description                                                                                          |
|------------------|--------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                               |
| 31.1             | Certification      of Principal Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.  |
| 31.2             | Certification      of Principal Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.  |
| 32.1             | Certification      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief      Executive Officer. |
| 32.2             | Certification      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief      Financial Officer. |
|             |                                                                                                               |

----

|   | GLOBAL      GREEN SOLUTIONS INC. |
|--------|----------------------------------|
|   |                             |   |
|   | BY:                              | DOUG FRATER |
|   |                             | J.      Douglas Frater, President and Principal Executive  Officer, |
|   |                             |   |
|   | BY:                              | ARNOLD HUGHES |
|   |                             | Arnold      Hughes, Principal Accounting Officer, Principal Financial Officer and      Treasurer |

----

| Exhibit      No. | Document      Description                                                                                          |
|------------------|--------------------------------------------------------------------------------------------------------------------|
|             |                                                                                                               |
| 31.1             | Certification      of Principal Executive Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.  |
| 31.2             | Certification      of Principal Financial Officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002.  |
| 32.1             | Certification      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief      Executive Officer. |
| 32.2             | Certification      pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief      Financial Officer. |
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