Not sure if this has been posted yet.
Grim cod report accepted, regulators weigh action
By Associated Press
Wednesday, February 1, 2012 - Added 22 minutes ago
PORTSMOUTH, N.H. — Regional regulators are meeting to try to minimize damage to New England’s fishing industry after an assessment of Gulf of Maine cod indicates the valuable stock is severely overfished.
The new report could lead to a 90 percent cut in the allowed catch to protect the fish. That would wipe out major segments of the industry. But regional regulators at the New England Fishery Management Council are expected to buy time Wednesday by asking federal regulators for an emergency rule that would be in effect for a year, starting in May.
They’re also expected to recommend a catch limit for that year. The recommended cuts are expected to be significant but not as drastic.
The new cod assessment has led to deep skepticism from fishermen. An earlier report indicated the cod population was healthy.
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