The company that topped our list of the top 10 most controversial ways to save the planet, “ocean seeding” company Planktos, says it has now suspended its project to fertilize our oceans with iron. The company has put up a note on its web site stating that it has indefinitely postponed its efforts, citing trouble raising enough money to fund the project.
Who does the company blame for its financial woes? Ah yes, those dastardly “anti-offset crusaders” who waged a “highly effective disinformation campaign” against it. Seriously. Not the fact that their project was extremely controversial and could possibly do a lot more harm than good.
A highly effective disinformation campaign waged by anti-offset crusaders has provoked widespread opposition to plankton restoration in the environmental world, and has caused the company to encounter serious difficulty in raising the capital needed to fund its planned series of ocean research trials.
Planktos’ plan was to dump iron into the ocean, with the idea that plankton eat CO2, iron grows more plankton, and therefore, dumping iron means less CO2. The company would then sell carbon credits from the reduced carbon. Environmentalists have been up in arms over the project, saying there could be unintended consequences.
So ecofolks can be happy that Planktos’ trusty sea vessel, “The WeatherBird,” has been called back to shore. What’s does the future have in store for the company? Planktos says its options include a possible re-launch of its project — once it gets funding in place — or working on other environmental projects.