Posts Tagged ‘oil price hike’

  	 Rising Oil Prices & Over-Fishing Threaten The Philippines Tuna Industry

GENERAL SANTOS, PHILIPPINES - JULY 04: A fish porter is seen carrying fresh tuna in the tuna producing area of General Santos City on July 4, 2009 in the Philippines. The Philippines is a globally important tuna producing area, ranked 7th in the world and with an annual value of PHP6 billion, a large portion of the PHP50 billion made annually by the country's fishing industry as a whole. However, the effects of rising oil prices, the global financial crisis, global warming and over-fishing are all contributing to daily catch volumes reducing. Filipino officials are pushing for policies to emulate those brought in by the European Union to stop such over-fishing, reducing quotas allowed. The tuna fishing industry supports around 75,000 jobs locally, and exports to countries including the USA, Japan and Europe. (Photo by Jeoffrey Maitem/Getty Images)


Read Full Post »