Lawsuit alleges Cooke Aquaculture using shell companies to skirt U.S. law

August 6, 2024 Canada, International, International News, Mid Atlantic, National

Cooke Aquaculture, one of New Brunswick’s largest companies, has asked for dismissal of a U.S. lawsuit accusing it of using a complex web of shell companies to break anti-foreign ownership laws. Saint John-based Cooke Aquaculture has owned Omega Protein, in Virginia, since 2017. Omega is affiliated with another company that operates a Chesapeake Bay menhaden fishery, a small baitfish used to make fishmeal, fish oil and other products. The menhaden fishery under Omega has concerned environmental activists, who say the company is overfishing a fish that many species up the food chain depend on in the Chesapeake Bay, which is slightly smaller than the Bay of Fundy. The lawsuit alleges Cooke is violating the American Fisheries Act, which requires 75 per cent of a company fishing in the U.S. to be owned by a U.S. citizen. more, >>CLICK TO READ<< 07:35

asked for dismissal, Bay of Fundy, CEO Glenn Cooke, Chesapeake Bay, Chris Moore, Cooke Aquaculture, lawsuit filed by Chris Manthey, menhaden fishery, New Brunswick, owned Omega Protein, shell companies, Steve Atkinson, U.S. lawsuit, Virginia

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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