Written by Undercurrent News
Chile’s salmon industry will have to renegotiate 68% of its outstanding debts this year, setting the stage for tricky renegotiations with banks as companies profits have been sapped by the algal bloom disaster and higher production costs, newspaper Diario Financiero says.
Written by Mongabay
When Bayani secured an overseas job in the fishing industry from a broker in his home country of the Philippines, it was about finding work that he was skilled at and enjoyed and that could support his family. He didn’t expect to be forced to fish illegally, to be imprisoned on a fishing boat, or to have his passport and other documents withheld by his employer. Even so, had his family back home been receiving his salary, as he thought was happening, he said he might have kept quiet. But when Bayani learned a third-party was skimming his pay for an alleged debt owed by his employer, he decided to break his silence regardless of the consequences.
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(Bloomberg) — After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP Plc has thrown in the towel.
Beaches of dead fish sow unrest in Vietnam