Coles Rejects Bid to Help Avoid Ancient Fish Extinction

Coles has rejected a shareholder push to abandon the sale of salmon from a remote harbour where an ancient species is at risk of extinction. The supermarket giant is preparing for its annual general meeting in November. Earlier this month, more than 120 shareholders proposed a resolution in defence of the ancient Maugean skate, which has been hurt by the effects of salmon farming in Tasmania’s Macquarie Harbour. The harbour is the only place on earth where the skate exists and recent estimates have suggested there could be just 40 to 120 adults left in the wild. Shareholders warned Coles “faces material risks through association with a likely extinction event of the Maugean skate” and that the ongoing sale of salmon from the harbour threatens the animal’s existence....