BC Salmon Farmers Association report finds Canada’s net pen ban could cost country CAD 9 billion

Published 2024년 12월 2일

Tridge summary

A recent economic impact report commissioned by the British Columbia Salmon Farmers Association (BCSFA) estimates that a proposed ban on net-pen salmon farming in British Columbia, Canada, could cost Canadian taxpayers at least CAD 9 billion. The report also forecasts severe economic consequences, including the loss of B.C.'s top agri-food export, which could lead to a reduction in Canadian agri-food production by 400 million healthy meals per year. The ban is projected to eliminate 4,560 jobs and reduce salmon production by 1.17 billion. The BCSFA opposes the government's transition plan, which aims to shift the industry to land-based farming, arguing it is unrealistic and ignores science on the effect of the ban on wild salmon.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A recently released economic impact report, commissioned by the British Columbia Salmon Farmers Association (BCSFA) found a proposed ban on net-pen salmon farming in British Columbia, Canada, would result in at least CAD 9 billion (USD 6.4 billion, EUR 6.1 billion) in “unnecessary costs” for Canadian taxpayers. Canada renewed salmon-farming licenses in B.C. in June, effectively setting a five-year time limit on the industry in the province. The Canadian Department of Fisheries and Oceans (DFO) later released its draft salmon aquaculture transition plan in September, which outlined how the government will support the industry and the people and communities affected by its loss.“These conditions will strengthen protections for wild species and the marine environment while ensuring aquaculture facilities can operate safely during this transition period,” the DFO said in its transition plan. BCSFA has long opposed the transition plan, which it said sets an unrealistic time period for ...

Source: Seafoodsource