The European Parliament is set to vote next week on a complete ban of shark finning for the EU fishing fleet. EU fishermen currently span the globe fishing for sharks, from the Atlantic and Pacific Oceans, to the Indian Ocean and the Mediterranean, ranking second in shark catch globally.
Predictably, the move has drawn the hackles of the fishing industry which claims that the ban will cost them more than €9 million. This might seem like a lot--that is, unless, you take into account the fact that boats authorized to cut off shark fins have received more than €117 million in EU subsidies from 1994 to 2007. As executive director of Oceana Europe, Xavier Pastor says about the measure:
“European tax payers have invested a huge sum of money in these fishing vessels. They paid to help build them, modernise them, and support them while they headed off in search of new fishing grounds for sharks. Now, Europe is asking these vessels to commit to sustainable fishing practices for the sake of both the sharks and the future of the fishing sector.”
Shark finning, as the name implies, is the brutal practice of slicing off a shark’s fin and then discarding the shark, which is often still alive, overboard, where it is left to die. It is estimated that more than 70 million sharks every year are killed, mostly to supply growing demand in Asia for shark fin soup. While the shark fin itself is a mostly flavorless component of the dish, its conspicuous consumption at weddings, banquets and business meetings has become a status symbol for the region’s growing middle class.
We'll keep you posted as the story unfolds!
- Wind Power: Changing the Way We Live off the Earth Posted Tue, April 22, 2014
- CEO Note: NYC Event Honors Michael Bloomberg Posted Wed, April 23, 2014
- CEO Note: Four Years After the BP Gulf Disaster Posted Mon, April 21, 2014
- Drill, Spill, Repeat? Posted Mon, April 21, 2014