CANBERRA, Australia (AP) - Australia has announced the creation of the world's largest network of marine reserves covering 3.1 million square kilometers (1.2 million square miles) of ocean
including the entire Coral Sea.
Environment Minister Tony Burke announced on Thursday that the government expects to pay an estimated 100 million Australian dollars ($100 million) to the fishing industry in compensation for
the new restrictions on their operations that will take effect late this year.
Highly protected areas such as the Coral Sea would also be protected from oil and gas exploration.
The numbers of marine reserves off the Australian coast will be increased from 27 to 60.