Billions in fishing subsidies finance social, ecological harm, report finds

A new report shows that the world’s top fishing nations are using subsidies worth billions of dollars to exploit the high seas and the waters of other nations, including some of the world’s least-developed countries. Published by researchers at the University of British Columbia and supported by the NGO Oceana, the report takes a shrewd look at “harmful fishing subsidies,” payments made by governments that allow fishing fleets to operate beyond their normal capacity. The researchers found that 10 countries — China, Japan, South Korea, Russia, the U.S.A., Thailand, Taiwan, Spain, Indonesia and ...