As much as 54 percent of the high seas fishing industry would be unprofitable at its current scale without large government subsidies, according to a new study by researchers from the National Geographic Society; the University of California, Santa Barbara; Global Fishing Watch; the Sea Around Us project at the University of British Columbia; and the University of Western Australia. The research, published today in the open-access journal Science Advances, found that the global cost of fishing in the high seas ranged between $6.2 billion and $8 billion USD in 2014. Profits from this activity range between a loss of $364 million and a profit of $1.4 billion USD.