The Walton Family Foundation has announced making $71 million in conservation grants last year, including more than $13 million to the Environmental Defense Fund, the nonprofit giant with which it joined in producing a controversial 2008 paper on fisheries to push the controversial catch share fishery management system.
In a press release issued last Wednesday — three days after The New York Times published a massive expose of corporate corruption by Walmart in Mexico and a cover-up at headquarters in Bentonville, Ark. — the $3.5 billion foundation controlled by descendants of the retailing colossus linked their grants together by the term "conservationomics."
The Walton foundation has given EDF, the driving force behind fishing's catch shares, more than $40 million in the five years beginning with 2007.
In a release, Scott Burns, environmental focus area director for the foundation, defined it to mean "that conservation solutions (that) will last are the ones that make economic sense."
But outside the foundation, EDF, which has had a corporate partnership with Walmart since 2005, and the minority within the fishing industry that has taken grants from EDF, the Obama administration's catch share policy, adopted as if the paper "Oceans of Abundance" were a economic engineering blueprint, is seen as a hyped-up excuse to replace the local, owner-operator business model still prevalent in most U.S. fisheries with one that better integrates global marketing principles, including investor-inviting consolidation.
Critics cite the elimination of family-owned farms and mom-and-pop shops as indicators of where the catch share policy, promoted in "Oceans of Abundance" by the Walton Family Foundation, EDF and their partners, will take the nation's fisheries.
"'Oceans of Abundance' is propaganda," Brian Rothschild, the distinguished marine scientist at University of Massachusetts Dartmouth, said in a telephone interview Wednesday. "It's hard to know where to start critiquing it, there are so many misleading statements."