Here's a refreshing bit of news. Omega Protein Corp. declined to participate in a panel on the status of menhaden in Chesapeake Bay. Menhaden is an oily fish that is used for pet food and for omega-3 fish oil supplements. Omega Protein catches 109,020 metric tons of menhaden from Chesapeake Bay.
"A spokesman for Omega said the company was concerned that science would be pushed aside by members who have 'preconceived notions about this fishery and the health of menhaden.'" - "Menhaden fish panel meets in Va. for the first time", Yahoo Finance, 2010-07-16.
Too many companies try to override scientific decisions for their short-term interest. I think here Omega Protein knows that scientific management of the fish stock is in its long-term interest.
Disclosure: we own shares in Omega Protein.
