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Online Stock Market Trading On the menu it is called Chilean sea bass, and it is prized for its mild flavor and firm, milk-white flesh. In the Antarctic waters where it swims, its name is Patagonian toothfish. It has a natural antifreeze in its blood, and it can live 50 years and grow to the size of a linebacker.

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Stock Investing Course When the sea bass became a popular delicacy in restaurants in the mid-1990's, it set off an Antarctic gold rush, with vessels from a host of countries venturing into the storm-tossed South Atlantic and Indian Oceans. Increasingly, the fish are being caught before they have reached maturity and spawned.

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Stock Market Game Now environmental groups are calling for a boycott of the Chilean sea bass, saying it is in mortal danger from overfishing. More than 200 prominent chefs in New York and Los Angeles say that today they will join the boycott, dropping the fish from their menus until the fishery is brought under effective international control.

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Stock Investing Game They join 500 other chefs around the country who have already signed such a pledge.

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Journal Prime Rate Street Wall "I sell seafood for a living," said Rick Moonen, the executive chef at Oceana in Manhattan. "I'm not an environmentalist first. But as a responsible professional, I can't justify selling this until the regulatory process is tightened up and a program is in place to assure the population can be sustained."

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Stock Market News The National Fisheries Institute, a seafood trade group in Washington, replies that such a boycott could backfire by shutting down the American market and prompting foreign boats to seek less legitimate markets for their catch. A two-year-old international program requiring proof that fish were legally caught is starting to work, the institute says.

Stock Investing Basics "Boycotts don't do anything to protect the resource and simply punish the people who are trying to follow the law," said Linda Candler, a spokeswoman for the industry group.

Stock Investing Software But environmental groups say the annual catch by the licensed fishery, about 16,000 tons, is still swamped by the illegal catch, which government officials and independent groups have estimated to be at least double that amount.

Stock Market Trading Over all, about 70 percent of the 10,000 tons of sea bass imported into the country each year ends up in restaurants, with the rest sold in fish stores and supermarkets, according to the Commerce Department. The amount that is legally caught is not clear.

Stock Investing For Dummy Marine biologists and government agencies agree that stocks of the fish in the Atlantic and Indian Oceans have been badly depleted in the past decade, with their size and weight steadily declining.

Stock Market Crash The illegal activity is dangerous not only to the fish, say conservation groups and some government officials. In October 2000, the Amur, a Spanish-registered vessel that had gone through a series of names and registrations, foundered in a storm near the French-controlled Kerguelen Islands in the southern Indian Ocean. Eight crew members died; the 26 survivors spent several weeks in transit and bounced from one sister vessel to another before they ended up in Mauritius, more than 1,500 miles north.

Stock Investing Tip A 24-country commission that controls fishing around Antarctica created a documentation process two years ago so legitimate fish could be tracked from the ocean to the plate.

Stock Market Chart But a growing roster of restaurant owners and chefs say it is still too hard to distinguish legal from black-market fish. The boycott is being coordinated by the National Environmental Trust, a private lobbying group in Washington. Restaurants joining today's effort include Spago Beverly Hills and the Grand Central Oyster Bar and the Union Square Cafe, both in Manhattan.

Online Stock Investing Ms. Candler, from the seafood industry's Fisheries Institute, agreed that sales of black-market fish remained a problem, but said the best way to deal with it was for consumers to ask stores and restaurants to prove that their fish had been legally caught by showing the relevant documents.

Stock Market Crash Of "They should all be able to," she said. "If they look uncomfortable, then something's up."

Stock Investing For Beginner By Andrew C. Revkin
New York Times - 5/21/2002

Topic: Ocean

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