Posted by: Bob Payne | September 16, 2011

EU Fishing Subsidies Keep Industry Afloat, Report Finds

While scientists warn there are not plenty of fish in the sea, a new report finds the European Union is sending fishermen around the globe in unsustainable numbers to find what is left. These numbers come from heavy government subsidies that reached $4.5 billion in 2009, which is three times greater than typically quoted in public figures, and promotes a European fishing fleet that is up to three times bigger than sustainable limits, according to Oceana’s “European Union and Fishing Subsidies” report.

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