Plankton grower Climos gathers funds for climate mitigation
Only a few weeks after ocean iron fertilization venture Planktos folded, rival Climos is set to announce a first round of venture funding totaling $4 million.
Climos CEO and founder Dan Whaley said Thursday that the company will announce funding early next week.
The green area is a natural plankton bloom in Lake Titicaca, South America.
(Credit: NASA)Iron stimulates the growth of plankton, which consumes the greenhouse gas carbon dioxide. Once the plankton sinks several hundred meters, it is considered sequestered from the atmosphere.
The practice of ocean iron fertilization, which has been experimented with since the 1990s, has been condemned by some environmental groups and remains controversial.
Read the full story on Climos here at CNET News.com. For more background on Climos, here is a longer interview with Whaley.
Martin LaMonica is a senior writer for CNET's Green Tech blog. He started at CNET News in 2002, covering IT and Web development. Before that, he was executive editor at IT publication InfoWorld. E-mail Martin. 
