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Growth in shark fin trade could lead to species extinction

Shark fishing in Europe is helping to fuel a global trade in valuable shark fins that is driving many species to the brink of extinction, a study has found.
European regulations designed to protect sharks are all but useless and are failing to halt the growth of illegal finning – when shark fins are removed and the carcass is thrown overboard – said the Independent on Thursday.

Sonja Fordham, author of the Shark Alliance report, said the European Parliament's Fisheries Committee is pushing for weaker restrictions on shark finning, which is growing because of the demand in Asia for shark fin soup.

Shark finning is driven by the disparity in value between the fins, which can be sold to restaurants for many hundreds of dollars, and the remainder of the carcass.

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