Nova Scotia to Cooke Aquaculture: Pay up on $18m loan

January 21, 2016 Canada

The provincial government is calling in Cooke Aquaculture’s $18-million loan. The money comes from a major loan announced by the former NDP government in 2012. The government was to make up to $25 million available for the company, $9 million of it forgivable, if Cooke could expand a feed mill in Truro, build a salmon hatchery in Digby County and a processing plant in Shelburne, and create up to 400 jobs across the province. “We fully expect Cooke Aquaculture to live up to their component of that agreement,”,,, Read the article here 10:37

calling in Cooke Aquaculture’s $18-million loan, Cooke Aquaculture, Nova Scotia

One Response to Nova Scotia to Cooke Aquaculture: Pay up on $18m loan

DickyG says:

January 21, 2016 at 11:02 am

Why are the Canadian and U.S. governments pushing aquaculture with free money? And at the same time fishermen go to sea in 35 year old vessels for lack of “allowable catch”, and therefore the funding to build new ones?

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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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