As I read the article, the primary motivation was to stimulate plankton growth which would benefit salmon populations. The carbon sequestering was a possible side effect, not a primary motivator.
He had taken over an old abandoned farm. The barn and house were in rough shape, the fields grown up to alder bushes and other brush.
With much effort, he repaired the buildings, cleared the brush and planted the fields.
One day a bright young preacher came by and exclaimed, "Isn't it just wonderful what God has done with this old farm?"
The farmer responded, "Yes, but you should have seen what it looked like when God was running it all by hisself."
The article spins it that way, yes. Russ George (the “entrepreneur”) is the man behind Planktos, which was in the news a few years ago for attempting to dump iron filings and cash in on carbon credits.
Here’s what Planktos’ own web site has to say about the matter:
“The Planktos Carbon Credit Development and Investment Model
Planktos will offer premioum grade carbon credits in several categories, including swiftly maturing marine credits,....”
Here’s an article (one of many) from 2008, about the the Planktos.
Russ George is using the Indian band as a front — because he knows that Indian bands (in Canada) are practically immune from prosecution. Under the cover of “mariculture”, George is setting precedents.