Thursday, January 30, 2014

Philanthropist Gives $53-Million To Revitalize Fisheries

C. Coimbra Photo
The ocean environmental blog, Neptune 911 reports that New York City mayor, Michael Bloomberg's foundation has earmarked $53-million toward halting overfishing in the Phillipines, Brazil and Chile. 

Under the Vibrant Oceans project, the Bloomberg Philanthropy website explains:

One billion people rely on fish as their primary source of protein. As the world’s population continues to grow, so will the demand for fish – which is projected to rise by over 20% by the year 2030. Meanwhile, over-fishing, or taking more fish than can be naturally replaced, is depleting the global population of fish. The amount of fish caught worldwide peaked in the 1990s and has since declined..That’s why Bloomberg Philanthropies launched the Vibrant Oceans Initiative, a $53 million, 5-year effort to boost fish populations in Brazil, the Philippines and Chile. Reforming fishing practices in these countries will revitalize 7% of the world’s fisheries..

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