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Reef Report for Sunday, March 18, 2007

Australian Business Leaders Team Up to Protect Great Barrier Reef
Great Barrier Reef Foundation will fund scientific research on reef conservation.

A group of key Australian business leaders have worked together to create the The Great Barrier Reef Foundation, and launch itís first fund raising project, with the intent of sponsoring scientific research that has aimed at protecting and conserving the Great Barrier Reef.

Suncorp chief executive John Mulcahy, Goldman Sachs managing director Keith Tuffley and the Myer Foundation's Kerry Gardner are the most recent recruits to the board of the Great Barrier Reef Foundation. © Great Barrier Reef Enterprises They join chairman Dr John Schubert and executives from an array of Australian companies in raising funds to support research to counter the Big Five threats to the Reef: climate change, diminishing water quality, over-fishing, shipping and coastal development.

The first project is called the The Zoox Fund, named for zooxanthellae, the algae found inside living coral, which play a key role in coral health. While DiveTheReef.com is a very small company compared to the giant corporations these men and women lead, we also intend to take part in the fundraising in our own way, and urge all businesses to take part. Please follow the link below and see if you or your company can take part.

The Great Barrier Reef Foundation

The Zoox Fund

Coverage of this story, by Nine MSN

Coverage of this story, by ABC Radio.

(C) DiveTheReef The weekly reef report is written by Joel Groberg of DiveTheReef.com, who compiles them from the many conversations he has with dive staff in the area, as well as† many other local sources in the dive community.

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