and there's the argument that methane couldn't explain the PETM but
coal could:

http://gsa.confex.com/gsa/2005AM/finalprogram/abstract_94450.htm

A CONTINENTAL SCENARIO FOR THE PETM: PEAT/COAL CAPACITOR, OROGENIC/
CLIMATIC TRIGGER
WING, Scott L., Dept. Paleobiology, Smithsonian Institution, MRC121,
Washington, DC 20560, [EMAIL PROTECTED]

The magnitude of the carbon isotope excursion (CIE) during the
Paleocene-Eocene Thermal Maximum (PETM), and the extent of oceanic
acidification at its onset, suggest >4500 Gt of carbon were released
from a carbon reservoir that was isotopically moderately depleted
(Zachos et al. 2005), possibly from burning or oxidation of Paleocene
peat and/or coal (Kurtz et al. 2003). A continental scenario for the
PETM includes: 1) extensive deposition of peat and coal during the
middle Paleocene, 2) increased oxidation and/or burning of organic
deposits such as those in the northern Rocky Mountain coal basins
during the late Paleocene as uplift of mountains created a rain
shadow, 3) global greenhouse warming and poleward shift of subtropical
high pressure as a result of higher atmospheric pCO2, and, 4) rapid
acceleration of peat/coal oxidation as global and regional climate
change affected major mid- to high-latitude coal basins at the start
of the PETM. The scenario is consistent with the timing of uplift and
the onset of red-bed formation in the northern Rockies, with the
inference of rapid drying at the base of the PETM from fossil leaves,
and with the larger magnitude of the CIE in continental than marine
carbon reservoirs. In contrast to clathrate or thermogenic methane
scenarios for the PETM the continental scenario predicts a faster
onset of the CIE in continental than in marine sections, and increased
evidence for burning and/or oxidation of organic matter in major coal
basins during the late Paleocene, with a peak at the beginning of the
PETM.

J. C. Zachos et al., 2005, Science 308, 1611. A. C. Kurtz, et al.,
2003, Paleoceanography 18, 1090.
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