If you think it's impossible for a single organism to have an effect on climate you're mistaken. Wolves, once reintroduced to Yellowstone, have changed the entire park, altering water flow on a massive scale: https://www.youtube.com/watch?v=ysa5OBhXz-Q
"Our results contribute to a growing body of evidence showing that changes in growth of woody deciduous plants following the reintroduction of wolves cannot be explained by the trophic cascade model alone"
I don't get it. Which side are the rabbits?
What this person is trying to do is seed plankton. Plankton, as anyone who grew up near a coast can attest, commit mass suicide as they over-bloom. This is called the red tide and it caused me to spend a lot of evenings after beach days itchy with watery eyes. It also kills enormous numbers of fish, whales, jellyfish, etc.
EDIT: I can't reply, but I saw your comment that "unlike the cane toad, iron can't reproduce." Unfortunately, you're in error. Iron, like a lot of metals and toxins, can bioaccumulate in the food chain, pass from prey to predator and from gestating mother to fetus, and persist in ways that cause all kinds of havoc [1]
[1]http://www.sciencedirect.com/science/article/pii/S0147651311...
"...and that is how we know the earth to be banana-shaped..."