The beginning ramifications of Jane Lubchenco's EDF resource theft for investment scheme was the hemorrhaging of jobs, small family businesses and industry infrastructure erosion.
Now, the fish are feeling the pinch.
Former EDF Vice President, Pew Fellow, MacArthur Genius, NOAA Administrator Jane Lubchenco, required a bit of "grease" money to get the ball rolling to privatize 270 U S fishery's.
Her decades long associate in organized wealth foundation fund dredging, David Festa, Environmental Defense Vice President for the West Coast and EDF salesman for the catch shares program, has not created the 400% returns for investors, as anticipated. Yet.
But because she arrived with the catch share agenda and no investor bucks, she lacked funding to force the scheme onto the New England ground fish fleet, the first catch share program of the administration, and the rest targeted by this administration.
She hijacked $56 million valuable research dollars from the 2010 research budget alone, gutting allocation to the DAS system that had cod on target to meet the 2014 rebuild target of MSA, while forcing the majority of the fleet into sector/ catch share management.
Because all the effort controls to protect the fish were now tossed aside, Lubchenco has created the 2012 New England cod fish crisis through mismanagement.
Gulf of Maine Cod
The unexpected revelation in the fall of 2011 that 22,000 metric tons of cod had vanished from a healthy rebuilding stock without a trace, while every damned fish landed is accounted for better than the $50 million missing from NOAAs Asset Forfeiture Fund, might leave fishermen feeling a little short changed!
I can tell you as a concerned citizen, I do.
The gifting of the resource through a hostile takeover for futures traders and the EDF partner Carlyle Group hedge fund players financed with taxpayer funds, is theft compounded.
Multiple Congressmen and Senators have lobbied Lubchenco to commission another assessment with her refusing to do the research we payed for.
March 25, 2012 brings more bad news.
Georges Bank Cod.
The National Oceanic and Atmospheric Administration now believes the biomass in the offshore waters is 46 percent smaller than the previous assessment estimated in 2008.
That assessment estimated the offshore cod biomass at 17,672 metric tons. The new assessment estimates the stock at 9,494 metric tons.
Something is very, very wrong.
From this article. State fish deputy seeks cod crackdown
Pierce expressed skepticism at the freedom from government oversight granted by the National Oceanic and Atmospheric Administration to sectors, or fishermen's cooperatives, as incentives to join in the trading of catch shares and quota under the fishery's now 2-year-old management system.
Later, Pierce said, "We believe that the National Marine Fisheries Service (NMFS) risks going too far in providing the industry with freedom and flexibility" — watchwords in the effort to sell the sector and catch share approach to New England ground fishermen by officials form NMFS' parent NOAA and its allies in the Environmental Defense Fund.
Yes, Dr Lubchenco, there is something gravely wrong.
Your appointment by President Obama placing you in charge of US Fishery's.