Sunday, November 4, 2001

Palau Shark Sanctuary Fund®
Founded 2001

Working to make Palau a World Shark Sanctuary!

Koror, Palau – November, 4, 2001

Dermot Keane, staff member of a local Palau dive center, announced the creation of Palau Shark Sanctuary Fund in response to the ongoing destructive practice of “shark-finning” by foreign fishing fleets in Palau’s waters. Founding of the Shark Sanctuary Fund continues a long-running effort by the dive center staff members to bring about an end to the shameful practice of shark finning.

The “Fund” intends to support itself through sales of private logo merchandise, with proceeds to be donated to programs and agencies joining them in their fight to save Palau’s sharks.

“Loss of Palau’s sharks threatens not only Palau’s underwater environment but also its entire dive industry, a mainstay of Palau’s economy” Keane said. “As Palau is internationally recognized among top dive destinations in the world, it is therefore fitting that Palau takes a leadership role in the worldwide battle to end the destructive practice of shark-finning” he went on to say.

Palau Shark Sanctuary Funds goal is to achieve a declaration by the Republic of Palau, perpetually establishing all waters within Palau’s Exclusive Economic Zone, as a World Shark Sanctuary offering protection to all sharks within.

Keane says he realizes that establishing a World Shark Sanctuary in Palau is a big challenge but believes it is a worthwhile goal nonetheless, that will benefit Palau and its economy in the years to come.

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Palau Shark Sanctuary Fund
Box 3006
Koror, Palau 96940