Tag Archives: a British private equity firm

Catch Shares: Investment Firms are taking over the Fishing Rights

10172769-largedinkWhat does it take to buy a share of the American ocean? Policymakers assured the nation that fishing rights would never migrate out of U.S. control through catch shares or end up as properties of investment firms. Environmental groups have similarly touted catch shares as a tool for communities and fishermen and overlooked the role investors can and do play. As the Snow’s deal now makes clear, those pacifications are baloney. Read the rest here 22:29

The Big Fish Win Again

What does it take to buy a share of the American ocean? For Lion Capital, a British private equity firm, the price is less than $980 million. Now, every time you sit down to a bowl of clam chowder in the United States, you’re probably padding profits for British investors. Over the long term, it means that costs will rise. Fishermen will earn less, their profits halved and quartered by the rental payments they’ll have to make to people in suits just to go fishing. Yet consumers will pay more. Investors will be getting rich off of resources that used to belong to you. Read more here. Its enough to make you sick. 14:25