Tag Archives: First Nations Finance Authority
“This is a transformational moment” – Mi’kmaq lead billion-dollar sea change
One of the key differences between the Clearwater deal and the Mi’kmaq moderate-livelihood fishery is that Clearwater held commercial offshore licences, allowing them to fish lobster year-round, while moderate livelihood contends with treaty rights and typically means inshore lobster fishing (within 50 nautical miles from shore). Offshore fishing requires larger boats, more intense training and safety protocols. Last summer, Membertou First Nation purchased two of the offshore licences, and Paul promised then that they would continue to gain access to more seafood markets. Buying out Clearwater, which sold more than $600 million in scallops, clams, rock crab, shrimp and lobster on the global market in 2019, has made the coalition the largest holder of shellfish licences and quotas in Canada. >click to read< 09:38
