Tag Archives: Richard Blumenthal
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
Senate Democrats, Greens Seek Climate Mandates In Federal Stimulus Bills
Senate Democrats and environmentalists want to tack climate change mandates onto proposed federal aid to major airlines and cruise lines reeling from the coronavirus pandemic. In a letter to the House and Senate leadership, eight Senate Democrats said last week that any financial assistance to the travel industry “should be paired with requirements that companies act in a more responsible fashion” by reducing their carbon footprint. “Climate change damages will wreak havoc on a scale even greater than the coronavirus,” said the Friday letter headed by the Center for Biological Diversity. Democrats who signed the letter were Sens. Sheldon Whitehouse of Rhode Island, Martin Heinrich of New Mexico, Jeffrey Merkley of Oregon, Cory A. Booker of New Jersey, Edward Markey of Massachusetts, Richard Blumenthal of Connecticut, Tina Smith of Minnesota and Debbie Stabenow of Michigan. >click to read< 10:12
