The only thing worse than overfishing our oceans and driving species to the brink of extinction is the government paying to do it. That's been the case for far too long, as upwards of $30 billion (that's billion, with a "b") worth of subsidies are handed over to the fishing industry every year. A whopping $20 billion of that are used for things like boat repairs, fishing equipment and fuel; expenses that allow for increased and intensified fishing practices.
This soon could be a thing of the past, now that 13 senators - from across the political spectrum -- introduced a resolution on Thursday night calling for the United States to pursue an international ban on government subsidies to the fishing industry. Days before, the U.S. Ambassador to the World Trade Organization, proposed a broad prohibition against fisheries subsidies at WTO negotiations in Geneva including delegates representing the WTO's 150-member countries.
The WTO is the best chance for success in eliminating these harmful fisheries subsidies, so we need an overall deal in the Doha round of trade talks, which remains to be seen.
What is certain is that if the depletion of ocean species continues at current rates, our seafood supply could collapse before the middle of the century. According to a groundbreaking report in Science last year, scientists are concerned about the effects of marine species loss on our supply of wild seafood and other essential ecosystem goods or services. Using global catch data they found that catches of 29 percent of wild populations of seafood have already dropped to less than 10 percent of their maximum.
- Oceana Magazine: Tuna in Trouble Posted Mon, August 25, 2014
- CITES Listing Countdown: Less Than Three Weeks until Porbeagle Sharks are Protected Posted Wed, August 27, 2014
- Ocean Roundup: 20 Coral Species to Gain Federal Protection, Shell Files New Plan for Arctic Drilling, and More Posted Fri, August 29, 2014
- Ocean Roundup: Maine’s Scallop Fishery Could See Closures, Sydney Harbor Littered with Microplastics, and More Posted Tue, August 26, 2014
- Photos: Oceana in Belize Exposes Belizean Youth to the Wonder of the Sea Posted Wed, August 27, 2014