Large Corporations Buy-up Licences / Quota
Problem: Licenses and Quotas are increasingly owned by large corporations

Solutions:
Lobby Provincial and Federal governments to prevent this from going ahead
Mandatory disclosure on who owns licenses/quotas – no ‘corporate veil’
Education – license should be owned by Canadians only
Food security – fish is food
Canadian taxpayer pays for management but value goes out of Canada
Jobs are lost – shore sector and communities suffer
Draw parallels with housing ownership in Vancouver
Call on federal and provincial governments to increase % of community owned quota (GDA authority over Groundfish Development Quota)
Province must represent communities and BC residents
Owner-operator – investors can’t own
Fleet separation – no processors can own licenses
Need to develop method to compensate investors who have already bought quota/licenses
A transition fund to permit those fishers who have invested in quota to transition to compensate them for their investments
PIICAF gave 7 years to divest yourself of quota that was leased out
Lose 10%/year of quota if leased out. The 10% goes into a pool for others