Kathryn Eident – fisherynation.com

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Investigation reveals private equity firms dominate the New Bedford fishing industry

July 13, 2022 International News, National, New England

A debate is raging in the local scallop industry about whether fishermen should be allowed to lease their permits. Supporters say the proposal could help fishermen with a small catch share, or those who can’t get out to sea, stay in the business, because they could lease their permit to another captain. Opponents worry it would allow big companies to consolidate the industry and push small fishermen out, similar to what has happened in the groundfishing industry. CAI’s Kathryn Eident talked with Will Sennott, a reporter with the New Bedford Light, about his investigation into permit leasing in the groundfishing industry, and how he found that some of the biggest winners are multinational private equity firms, not small fishermen. >click to read< 16:21

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Ocean Resource Privatization

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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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