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Home arrow News arrow International & Trade arrow EU fishing quotas 'taken over by traders'
EU fishing quotas 'taken over by traders'
Westcountry coastal communities are under threat because commercial fishing quotas have become stock market "commodities", MPs have warned.
 

A select committee report today criticises the Government over its management of the controversial EU allocation system that has restricted British fleets since the 1980s.

It is particularly concerned that a market allowing small fishing fleet to buy and sell "quota" has been infiltrated by traders with "no connection" to the fishing industry.

As fishermen reach limits long before allocations expire, MPs claim the current regime is the "fundamental problem" facing hard-pressed fishing communities.

Read the complete story from The London Editor.

 

 

 

 

 

 

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HASTINGS: Time to improve the Endangered Species Act

May 18, 2012 - When the Endangered Species Act (ESA) was signed into law in 1973 by President Nixon, he spoke about the importance of preserving “the rich array of animal life with which our country has been blessed.” I believe that goal is as important today as it was back then. However, after nearly 40 years, it’s time to take a fresh, honest look at the law and consider whether there are ways it could be improved to do a better job of protecting and recovering species.