Tag Archives: financial losses
More questions than answers in proposed commercial fishing deal with wind company
A discussion Tuesday between local commercial fishing operators and representatives of the state Department of Natural Resources about how US Wind intends to compensate fishermen for wind farm-related financial losses made one thing clear: the fishing community fears for its existence. Beyond that, the process, plan and the particulars of the commercial fishing “Compensatory Mitigation Fund” that US Wind has pledged to create remain adrift in a sea of unfinished business. Speaking before roughly two dozen commercial operators at the Ocean Pines Library, Carrie Kennedy, of DNR’s Data Management & Analysis Division, and Catherine McCall, of its Coastal and Ocean Management office, invited watermen to suggest services and forms of assistance that could be included in a memorandum of understanding (MOU) to be executed between the DNR and US Wind by January. The MOU would spring from a July 8 letter of intent between the department and US Wind in which the company agrees “to provide financial compensation to eligible Maryland fishermen for mitigating direct losses/impacts to commercial and for-hire (charter) fishing from and caused by the construction, operation and decommissioning of the Project in federal waters.” more, >>CLICK TO READ<< 16:14
UK fishing industry reports Brexit woes
As well as the issue of quotas for wild-catch fisheries, the report finds, the UK’s seafood industry has been struggling with increased paperwork for exports to the European Union and labour shortages following new restrictions on recruiting staff from the EU. In winter 2021, the APPG on Fisheries released a survey to collate experiences of Brexit as reported by members of the fishing industry. Responses revealed significant and shared concerns around financial losses and the long-term viability of individual businesses, fishing fleets, and other parts of the industry including processors and transporters. >click to continue< 15:30
