Environment: Georges Bank: Fish or Fuel?

Oil companies win the battle to drill off Massachussetts

Fishermen have always called it Georges Bank. The origin of its name is obscure, possibly tracing to one of the British kings of colonial times. But its status is clear: it is one of the richest fishing grounds in the world. Located in a West Virginia-sized patch of the Atlantic continental shelf, it harbors a cornucopia of yellowtail, cod and haddock, lobsters and scallops, swordfish and squid—some 200 species in all. Supporting a $1 billion a year fishing industry, it provides 17% of America's saltwater...

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