DFO poised to shake up fishery for tiny eels in ‘devastating’ blow to licence holders

The federal Department of Fisheries and Oceans is poised to impose a major shakeup on the lucrative but problem-plagued Maritime fishery for juvenile eels, stripping most commercial operations of nearly all their quota and handing it to individual fishermen and First Nations. In a letter Thursday, the department proposes that six licence holders, many of which pioneered the industry and slogged through years of low prices before the recent boom, will lose 80 to 90 per cent of the quota they fished before 2022. The remaining three will see cuts of about 60 per cent. “The minister and DFO has taken this fishery, which has provided great-paying jobs and community support for decades, and they’ve basically destroyed it,” said Stanley King, whose company Atlantic Elver Fishery Ltd. will lose 81 per cent of its quota. more, >>CLICK TO READ<< 17:57

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