Large Corporations Buy-up Licences/Quota

Jan 16, 2023

This post was originally published to The Fisherman website. More archived The Fisherman blog posts can be found on our Archive Page.


Licenses and Quotas are increasingly owned by large corporations.


  • 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