A CONSERVATION group has bought out a commercial shark fishing licence on the Great Barrier Reef according to a report in The Guardian.
The World Wildlife Fund (WWF) has reportedly paid $100k and plan to retire the shark licence which allows the holder to drag a 1.2km net anywhere on the barrier reef.
The move is in response to recent Queensland government figures showing that shark captures on the reef almost doubled from 2014 (222t) to 2015 (402t).
The WWF is now seeking funds to help cover the cost of the purchase.
