Climos Report

Climos Report - investor and PayPal co-founder Elon Musk...

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Dumping Iron A scientist named John Martin, discovered that sprinkling iron dust in the ocean could set off plankton blooms, suck carbon dioxide out of the air and cool a warming planet. This was 20 years ago, and oceanographers have debated what's called "ocean iron fertilization" ever since. Martin, who died in 1993, later said he was only half- serious. The debate rages on, as a startup company called Climos prepares to build a business by fertilizing the ocean with iron. Climos raised $3.5 million last month from venture capitalists, including tech
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Unformatted text preview: investor and PayPal co-founder Elon Musk. The firm intends to make money by selling carbon offsets, similar to those made by tree-planting projects today. With concern over climate change, Climos has to be taken seriously. "This is no silver bullet," says Dan Whaley, the founder and CEO of Climos, which is based in San Francisco. "It's not going to fix the problem of climate change. But it's a significant lever."...
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