Ocean Preservation

On March 16, 2016, Oceana went shark tagging off the coast of Miami, Florida with Dr. Austin Gallagher and Beneath the Waves. Photo: Oceana/Jason Arnold

Photo: Oceana/Jason Arnold

9
May
2017

The Value Of Keeping Sharks Alive

by Co-authored by Andrew Sharpless, Oceana's Chief Executive Officer and Louis Bacon, Chief Executive Officer of Moore Capital Management and Founder and chairman of The Moore Charitable Foundation Category: ,

How much is a shark worth? That might sound like a strange question. To conservationists, biologists or people who love the ocean, it might be impossible to quantify the value of such a magnificent creature. For fishers around the world, the answer is probably more straightforward. But one thing is now clear: sharks are worth much more alive than dead in the state of Florida. A new, independent report commissioned by Oceana found that live sharks provide significant economic benefits to the state of Florida. Divers and tourists travel from around the world to see sharks in person, supporting a tourism industry that depends on healthy animals. Given the global threats to survival of sharks and the key roles they play both in nature and in some coastal economies, the report commissioned by Oceana, and research by others, highlights the need for Congress to pass the proposed Shark Fin Sales Elimination Act to enact a nationwide ban on the trade of shark fins. The bill, introduced by Reps. Ed Royce (R-Calif.) and Gregorio Sablan (I-MP), would remove the... read more +