EDF launches loan program
Environmental Defense Fund today announced the details of its sustainable fishing loan program.
The California Fisheries Fund (CFF) is a USD 5 million (EUR 3.7 million) revolving loan program that invests in fishermen, processors and fishing communities participating in innovative fishery management programs, using environmentally friendly fishing methods or delivering eco-friendly fish to restaurants and retailers.
CFF is funded in part by the California Ocean Protection Council, which coordinates the management of California's ocean and coastal resources, and the Gordon and Betty Moore Foundations, which support ports working to improve the sustainability of their fisheries.
Central Coast Seafood of Atascadero, Calif., is one of the first CCF recipients. Central Coast buys its fresh seafood directly from Morro Bay Fish Co. and fisherman Roger Cullen, who have also been approved for CFF loans.
EDF on Monday will launch its program at during an event at Google's headquarters in Mountain View, Calif., from 5:30 to 8:30 p.m.