Tag Archives: NovaEel
‘The only winner here is China.’ How DFO invested in and then killed Canadian eel aquaculture
An aquaculture project that would have seen elvers grown to adulthood in Atlantic Canada rather than China has been thrown into disarray by DFO’s quota reallocation. Despite millions in investment, over a decade of research and the potential to increase profits for all involved ten-fold, federal Fisheries Minister Diane Lebouthillier won’t even respond to NovaEel’s letters. “The undermining of NovaEel means for the foreseeable future, or forever, there will be no domestic capacity to exploit our natural resource, and we will be 100 per cent beholden to foreign entities to realize value,” said Mitchell Feigenbaum, a commercial elver licence holder and investor in NovaEel. “Those entities are not going to invest in eel farms in North America and they have demonstrated the willingness and ability to support the trade of unlawfully caught eels without any hesitation.” more, >>CLICK TO READ<< 11:07
