Economic and Financial Impacts of the Draft Transition Plan for B.C. Salmon Farms

"Going directly to a ban by 2029 will result in significant long-term negative socio-economic impacts in British Columbia and Canada. It will reverse and harm once positive Indigenous economic development and reconciliation efforts and severely impact employment in areas with a history of underemployment. An unjustified ban and push to unproven technology on salmon farming in B.C. will reduce Canadian agri-food production by 400 million healthy meals per year, eliminate B.C.’s top agri-food export, destroy 4,560 jobs, and cost Canadian taxpayers at least $9 billion."

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BC Salmon Farmers Concerned About Fiscal Update:

Reckless Policy Decisions Compound an Expected Dire Fiscal Forecast 

Liǧʷiłdaxʷ TERRITORY/CAMPBELL RIVER, BC -- December 16, 2004 -- The BC Salmon Farmers Association (BCSFA), representing thousands of workers across British Columbia, is deeply concerned about the grim picture painted by the resignation of Deputy Prime Minister Freeland from the Trudeau government today. 

The government's reckless actions exacerbate our ballooning debt and stagnant economy as Canadians face rising living costs, higher food prices, and a weakening Canadian dollar. The estimated $9 billion taxpayer-funded cost of phasing out the BC salmon farming sector is another example of costly political gimmicks over sound economic policy. 

Despite clear scientific evidence, the decision to ban current marine net-pen salmon farming in British Columbia by 2029 is driven by political motivations rather than long-term, responsible planning. This policy ignores the real-world consequences for thousands of workers, First Nation communities, and the broader economy.