Icelandic director Baltasar Kormákur (2 Guns, Contraband) is in final negotiations to direct Cascade, the eco-disaster pic that Ridley Scott and Steven Zaillian are producing at Fox. Loosely based on the 2003 BBC mockumentary The Day Britain Stopped, Cascade is about a global catastrophe that follows an international chain of events triggered by an oil tanker collision in the Middle East.

The Scott Free and Film Rites production is scripted by Kieran Fitzgerald and also will be produced by Film Rites’ Garrett Basch. Cate Blanchett’s name has been bandied about to lead the project, but I hear she’s not attached. Meanwhile, Kormákur most recently filmed his 2015 adventure thriller Everest, starring Jake Gyllenhaal, Josh Brolin, Keira Knightley and Sam Worthington in the tale of a climbing expedition struck by a snowstorm on Mount Everest. Universal releases that picture in September.