CDNN: Carbon credits scam--Plan to seed Pacific Ocean with iron dust all wet
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by SALLY WILLIAMS
SAN FRANCISCO, California (18 June 2007) -- An American company plans to "seed" the Pacific Ocean with iron dust to reduce carbon-dioxide in the atmosphere -- despite opposition from the U.S. Environmental Protection Agency and environmentalists.
Chris Field of the Carnegie Institution's Department of Global Ecology says that the absorption of increasing amounts of carbon dioxide is the main cause of ocean acidification. "It may be possible to store excess carbon in the ocean, but you'll be acidifying the ocean when you do it, and causing a dramatic change in the the ocean's ecology, with no known effects."
Planktos Inc., which has offices in Vancouver and San Francisco, wants to set sail this month from Florida to dump more than 45 tonnes of iron dust into the sea near the Galapagos Islands. The iron would stimulate the growth of phytoplankton, which would then absorb large amounts of carbon dioxide -- an experimental process Planktos compares to reforestation.
Planktos plans to sell carbon credits from this and other projects to firms such as Vancouver's Wedgewood Hotel and Spa, which has agreed to buy 5,000 tonnes of carbon credits...