Category Archives: Mexico

14 SUSTAINABLE Finance Principles launched to guide investments in rising Blue Economy; incl. in fisheries & aquaculture… “Precautionary Principle will prevail”

On March 8, 2018, at the World Ocean Summit taking place in Mexico, the European Commission launched in partnership with the European Investment Bank, the Prince of Wales’s International Sustainability Unit (ISU) and WWF, the Sustainable Blue Economy Finance Principles.

“These are voluntary principles that will guide responsible investments to counter the many stresses that oceans are subject to, from overfishing and rising sea levels to plastic pollution. Earlier this year, the EU High-Level Expert Group on Sustainable Finance had recommended in its final report that the Sustainable Blue Economy Finance Principles be adopted and implemented by the finance community. As a result, initial commitments have already been made by Althelia Ecosphere, Aviva Investors, the BPCE Group, Seventure Partners, Willis Towers Watson and the World Bank. In signing up, investors and organisations commit to mainstream these principles in all new investment decisions.”

The launch is in line with the EU Commission’s Sustainable Finance Action Plan announced the previous day on March 8. The latter – among others – includes actions such as Incorporating sustainability in prudential requirements (the EC “will explore the feasibility of recalibrating capital requirements for banks (the so-called green supporting factor) for sustainable investments, when it is justified from a risk perspective, while ensuring that financial stability is safeguarded”) and “enhancing transparency in corporate reporting.”

According to OECD projections, by 2030, the ‘Blue Economy’ — defined as all economic sectors which have a direct or indirect link to the ocean — could outperform the growth of the global economy as a whole, both in terms of value added and employment. In the coming decade, marine energy, marine biotechnology, coastal tourism, transport and food production sectors could offer unprecedented development and investment opportunities. However, there is increasing evidence that losses in the ocean’s natural capital resulting from unsustainable economic activity is eroding the resource base on which such growth depends.

We will make information available on our investments and their social, environmental and economic impacts (positive and negative), with due respect to confidentiality. We will endeavour to report on progress in terms of implementation of these Principles

The 14 principles — listed below — include one specifically committing to “transparency”, a topic dear to Seafood Intelligence… Signatory parties also commit to taking a science-led and precautionary approach (“The precautionary principle will prevail, especially when scientific data is not available” […] “More broadly, we will endeavour to share scientific information and data on the marine environment.”).

The 14 Principles for Sustainable Ocean Finance can be found here: https://ec.europa.eu/maritimeaffairs/sites/maritimeaffairs/files/declaration-sustainable-blue-economy-finance-principles_en.pdf

Continue reading 14 SUSTAINABLE Finance Principles launched to guide investments in rising Blue Economy; incl. in fisheries & aquaculture… “Precautionary Principle will prevail”

WWF “deeply concerned” over imminent MSC certification of Mexican tuna fishery; Impacts on depleted dolphin populations

Continue reading WWF “deeply concerned” over imminent MSC certification of Mexican tuna fishery; Impacts on depleted dolphin populations

CALL for boycott of “all Mexican Shrimp” due to IUU fishing concerns is “misguided” and “unfortunate” – U.S. National Fisheries Institute

Continue reading CALL for boycott of “all Mexican Shrimp” due to IUU fishing concerns is “misguided” and “unfortunate” – U.S. National Fisheries Institute

FISHERY bycatch “rapidly driving Mexico’s vaquita to extinction”; illegal fishing targets species highly prized in China

Continue reading FISHERY bycatch “rapidly driving Mexico’s vaquita to extinction”; illegal fishing targets species highly prized in China

STRICT catch limits to save bluefin tuna are needed in the Pacific, WWF tells IATCC; “Majority of catches are juveniles”

Continue reading STRICT catch limits to save bluefin tuna are needed in the Pacific, WWF tells IATCC; “Majority of catches are juveniles”

‘DIRTY Blizzard’ sent 2010 Gulf oil spill pollution to seafloor; Study finds Deepwater Horizon oil spill impacts lingered ‘much longer than expected’; Contaminants

Continue reading ‘DIRTY Blizzard’ sent 2010 Gulf oil spill pollution to seafloor; Study finds Deepwater Horizon oil spill impacts lingered ‘much longer than expected’; Contaminants

5 years on: Researchers suggest Deepwater Horizon oil spill’s impact reached beyond Gulf of Mexico

Deepwater Horizon oil spill impact global

Researchers investigating the impacts of the Deepwater Horizon oil spill on sea turtles found that over 320,000 juvenile sea turtles from populations throughout the Atlantic Ocean were likely present in the northern Gulf of Mexico during the 87-day oil spill. The study, led by researchers at the University of Miami (UM) Rosenstiel School of Marine and Atmospheric Science, has important implications for international management and restoration efforts following oil spills.
Continue reading 5 years on: Researchers suggest Deepwater Horizon oil spill’s impact reached beyond Gulf of Mexico

2015 Gulf of Mexico dead zone ‘above average’; Heavy June rains, high July nutrient runoff in Mississippi River likely cause for increased size

Continue reading 2015 Gulf of Mexico dead zone ‘above average’; Heavy June rains, high July nutrient runoff in Mississippi River likely cause for increased size

TURKEY hosts FAO & World Bank workshop promoting sustainable aquaculture development; “the sector is developing rapidly” in Turkey…

Continue reading TURKEY hosts FAO & World Bank workshop promoting sustainable aquaculture development; “the sector is developing rapidly” in Turkey…

“FAILURE to adopt recovery plan threatens survival of Pacific bluefin tuna” – WWF condemns IATTC’s “inability” to reduce 50% overfishing

Continue reading “FAILURE to adopt recovery plan threatens survival of Pacific bluefin tuna” – WWF condemns IATTC’s “inability” to reduce 50% overfishing

MEXICAN scientists develop biosensors capable of identifying pathogens – like E. coli or salmonella – in food & beverages

Continue reading MEXICAN scientists develop biosensors capable of identifying pathogens – like E. coli or salmonella – in food & beverages

“DEEPWATER Horizon oil spill contributed to high number of Gulf of Mexico dolphin deaths” – NOAA, “ongoing die-off”

Continue reading “DEEPWATER Horizon oil spill contributed to high number of Gulf of Mexico dolphin deaths” – NOAA, “ongoing die-off”

60% of world’s workers don’t have a work contract – ILO report; “match regulation to an increasingly diversified labour market”

Continue reading 60% of world’s workers don’t have a work contract – ILO report; “match regulation to an increasingly diversified labour market”

WORLD Trade Organisation panel finds U.S. “dolphin-safe” requirement de facto discriminated against Mexican tuna products

Continue reading WORLD Trade Organisation panel finds U.S. “dolphin-safe” requirement de facto discriminated against Mexican tuna products

GLOBAL agencies call for “urgent action to avoid irreversible groundwater depletion”; New groundwater governance 2030 vision

Continue reading GLOBAL agencies call for “urgent action to avoid irreversible groundwater depletion”; New groundwater governance 2030 vision

GULF of Mexico marine food web changes over the decades – “natural climate cycles and human activities are drivers” – NOAA study

Continue reading GULF of Mexico marine food web changes over the decades – “natural climate cycles and human activities are drivers” – NOAA study

AMERICAN workers “simply unwilling or unavailable” to do most labor-intensive jobs in seafood processing; U.S. DOL ruling means “The End” of Gulf processed seafood? 

Continue reading AMERICAN workers “simply unwilling or unavailable” to do most labor-intensive jobs in seafood processing; U.S. DOL ruling means “The End” of Gulf processed seafood?