More folly bites the dust?

From a post entitled "Commercial Ocean Fertilization Project Halted" here:

Planktos, the California company trying to turn a profit by fertilizing the ocean with iron dust, pulled the plug on planned field tests on Wednesday, citing a lack of funds. At the company’s Web site, planktos.com, a simple notice blamed the shutdown on a “highly effective disinformation campaign waged by anti-offset crusaders.”

The business plan had been to sell “carbon offset” credits earned by triggering blooms of phytoplankton that, in theory, would absorb a predictable amount of the climate-warming gas carbon dioxide through photosynthesis and then sink to the seabed. The credits would be sold to companies or individuals trying to compensate for unavoidable emissions of carbon dioxide (from driving, flying, and the like).

Planktos stock is currently trading near zero.