Tag Archives: Elizabeth Warren and Ed Markey
Senators Demand Federal Scrutiny of Private Equity’s Incursion Into Fishing
Three U.S. senators, including two members of a Senate subcommittee that oversees the fishing industry, are calling for greater federal scrutiny of private equity’s incursion into East Coast commercial fishing. The ProPublica/New Bedford Light investigation found that a federal regulatory system known as “catch shares,” which was adopted in 2010 to reduce overfishing, has fostered private equity’s consolidation of the industry at the expense of independent fishermen. The single largest permit holder in the New England groundfish industry is Blue Harvest Fisheries, which has rights to catch 12% of groundfish, approaching the antitrust cap of 15.5%. The current antitrust cap “fails to prevent excessive consolidation in the fishery,” said Geoff Smith, one of 18 members of the New England Fishery Management Council, which advises NOAA. >click to read< 10:23
There’s a Repulican Running for US Senate, He’s Listening to the Industry People in New Bedford
Geoff Diehl cruised around the Port of New Bedford in an RV Tuesday that maneuvered in and out of small entrances and exits. The red, white, and blue mobile home featured the slogan of the Republican U.S. Senate candidate, ” The Real Diehl,” as he looked to learn the reality of the fishing industry in the area. Diehl made four stops in the area, which began with Mayor Jon Mitchell and concluded with a meeting with three members on the board of Sector 9 as well as the sector’s lawyer. Diehl questioned what incumbent Elizabeth Warren has done,,,>click here to read< 18:47
GDT Editorial: Making the case for strong NOAA presence here
The continued inclusion of a breakup of NOAA’s Northeast Regional headquarters in a U.S. Senate Appropriations bill promising up to $150 million in aid for America’s fishermen may not seem like a big deal to many of those in the industry throughout the Northeast and beyond. more@GDT 00:41
