Published since 2005. San Francisco is a city that belongs to the people of the world. Hence this blog has a global focus. The name "Sam Spade's San Francisco" refers to an exciting era in the City's history, the time of Dashiell Hammett's fictional gumshoe and San Francisco character, Sam Spade. My name is Tom Dunn and I edit the blog. I'm not as exciting as Sam Spade, but I am definitely a San Francisco character.Contact or on Twitter -- Search blog below.
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Wednesday, January 09, 2008
Planktos: Great Global Warming Stock!
Planktos is a San Francisco Bay Area (Foster City) company that is positioned to do more to fight global warming and climate change than any other company in the San Francisco Bay Area. The company is prepared to take their ship, the Weatherbird, out to sea and "seed" the ocean to produce life-giving plankton that will pull CO2 from the atmosphere and help build a replenished, healthy ocean.
Planktos uses a process called iron replenishment to restore declining plankton growth in the open seas. They revive plankton populations by adding iron dust to the ocean. Iron is a critical micronutrient needed by plankton for photosynthesis. It normally reaches the oceans in wind-borne iron-rich dust from arid lands, but that dust supply has fallen 30% over the past 30 years, resulting in a 10% decline in plankton populations since the late 1970s. Extensive research projects have shown that adding tiny amounts of iron can powerfully regenerate plankton growth. Stimulating plankton blooms not only captures global warming CO2, but also restores ocean ecosystems, as plankton is the base of the food chain.
Planktos is a for-profit, publicly traded company dedicated to ecosystem restoration, climate change mitigation, and the creation of high-volume, low-cost carbon offsets for individuals and businesses. If you're looking for a forward-looking, forward-moving investment vehicle that is centrally involved in the rush to tackle climate change - Planktos may be your answer.
In June 2007, Alex Schmidt, speaking on American Public radio'sMarketplace, said: "There are business opportunities aplenty as the planet gets warmer. While Congress tries to figure out how to pass some kind of climate change law, entrepreneurs are cashing in...In Fort Lauderdale, the Weather Bird II is preparing to depart. Planktos is making a big bet that both business and government will sign up to an offset trading scheme. It's hoping that out on the ocean, it'll find a way to turn green into gold."
As Jim Jubak, MSNMoney Marketeditor said: "You should own global-warming stocks... At worst, you'll make a profit. At best, you'll make a profit and help save the world. That sound OK to you?"
noticed your website entry on Planktos. There is absolutely no evidence
that plankton growth has declined at all since the 70s. In fact recent
data suggest the opposite. This misconception appears to have arisen as a
result of comparing two data sets which did not actually allow such
comparison.
Granted, adding iron to some oceanic waters will produce a burst of
plankton growth, but the impact of this upon oceanic CO2 uptake remains
highly uncertain.
1 comments:
Hi there,
noticed your website entry on Planktos. There is absolutely no evidence
that plankton growth has declined at all since the 70s. In fact recent
data suggest the opposite. This misconception appears to have arisen as a
result of comparing two data sets which did not actually allow such
comparison.
Granted, adding iron to some oceanic waters will produce a burst of
plankton growth, but the impact of this upon oceanic CO2 uptake remains
highly uncertain.
all the best,
Paul J.
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