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The Paleocene‐Eocene Thermal Maximum, which occurred ∼55.5 Ma, was caused by a massive release of carbon, as indicated by an ∼3‰ negative carbon isotope excursion recorded in the marine, atmospheric, and terrestrial reservoirs. One suggested source for the carbon, a cometary impactor, is based on the sudden appearance and high concentration of single‐domain (SD) magnetite in Paleocene‐Eocene (P‐E) boundary cores from the North Atlantic continental margin. We evaluate the potential sources of SD magnetite at the P‐E boundary by presenting new magnetic hysteresis, low‐temperature magnetic remanence, and transmission electron microscopy data from the North Atlantic coastal ocean. Our results show a similar increase in SD material but demonstrate that the magnetic material has a biogenic origin. These findings indicate that the high concentrations of SD magnetite immediately above the P‐E boundary are the result of unusual accumulations and/or preservation of magnetotactic bacteria. Such bacteria typically occupy the oxic‐anoxic transition zone near the sediment‐water interface or in the water column. The high abundances of SD magnetite in sediments from across the shelf may be an artifact of nonsteady state redox conditions and exceptional preservation of SD magnetite. It may also indicate that the oxic‐anoxic redox boundary shifted into the water column. The latter explanation implies transient eutrophy of the coastal ocean in this region, most likely due to seasonally enhanced runoff, and increased stratification and nutrient loading.
Lippert et al. (Sat,) studied this question.