Fishing companies lose millions of dollars every year and they don't know it

Fishing companies operating worldwide are leaving between $51 billion and $83 billion in unrealized net economic benefits on the table every year due to the overexploitation underperformance of fish stocks, according to new research from the Sea Around Us initiative, the Institute for the Oceans and Fishers at the University of British Columbia, the Fish Tracker initiative and the Sea Around Us—Indian Ocean project.

The researchers looked at companies targeting menhaden in the United States and anchoveta in Peru and developed a seven step method that compared their revenues and profits to the fish resources they exploited and the abundance of those fish stocks.

The study, published this month in PLOS ONE, shows how fishing companies operating in both North and South America could have increased their profits substantially in past years had they allowed fish stocks to rebuild and fished them sustainably.

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