Everything Everywhere Daily · Monday, September 14, 2026
In 1992, Canadian researchers announced that cod populations off the Grand Banks had fallen to just 1% of historical levels, prompting the Canadian government to implement an immediate moratorium on cod fishing. This decision instantly eliminated an industry that had sustained Newfoundland for 500 years, resulting in over 30,000 job losses overnight.
“Canadian researchers announced that the cod population off its coast, near the Grand Banks, had plummeted to 1% of its historical levels.”
“The Canadian government issued an absolute moratorium on cod fishing, instantly wiping out an industry that had sustained Newfoundland for 500 years and put over 30,000 people out of work overnight.”