Tag Archives: Chris Costello
Saving the World’s Fisheries – One investment firm thinks sustainable fisheries and Wall Street profits can go hand in hand.
A new plan to save the ocean is coming from somewhere surprising: Wall Street. An investment firm thinks they can nurture sustainable fisheries in developing countries and make a buck at the same time. Some are calling it a big deal. Others think they’re naïve. The reality is, fish are in bad shape. The United Nations says about 30 percent of world fish stocks are being harvested at an unsustainable pace. Some researchers think that figure is as high as 45 percent. Former New York City mayor Michael Bloomberg’s philanthropic organization and the Rockefeller Foundation tapped Encourage to develop an investment strategy as part of Vibrant Oceans initiative. Same old catch share crap, same old names. Read the rest here 11:12
