A $10 million fund called Aqua-Spark is betting on small and medium companies that can make the fish farming business a lot more palatable for the planet.
Seafood—even the stuff labeled as “sustainable”—doesn’t necessarily come from fish swimming wild and free in the oceans. Aquaculture, the practice of farming fish and shellfish, is responsible for almost half of the world’s seafood production. As fish populations drop and the world’s hunger for seafood continues to grow, aquaculture will become even more important.
There’s nothing wrong with that, as long as it’s done right. Increasingly, it is. The horror stories of salmon farms polluting the oceans, generating disease, and brazenly depleting fish stocks are true. But the industry is cleaning up its act.