Investor confidence shaken by surf clam controversy: Fisheries Council of Canada

The Fisheries Council of Canada says the Trudeau government’s decision to seize nearly $25 million in surf clam quota from one company and give it to another is causing investors to lose confidence in the industry. Council President Paul Lansbergen said governments have established and maintained a consistent model for applying licensing rules over the years, which has led to expectations of their consistent application — something that’s critical for businesses to make investment decisions. But in the wake of the controversial expropriation of an Arctic surf clam quota by Fisheries Minister Dominic LeBlanc, without any compensation, Lansbergen said “a clear lack of criteria and policy has created a climate of uncertainty and instability in fisheries management.” >click to read<17:23

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