The rise, fall and (maybe) rise again of the Newfoundland cod fisheries
Jul 15, 2024
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Award-winning investigative journalist Jenn Thornhill Verma discusses the impact of the 1992 cod moratorium in Newfoundland, the recent reopening of the northern cod fishery, concerns about sustainability, and the economic implications for the province. The decision to lift the ban and its potential effects on indigenous communities and the fishing industry are also explored, highlighting the challenges and opportunities for the future of Newfoundland's fisheries.
The 1992 cod moratorium in Newfoundland caused a collapse in the cod fishery, affecting the economy.
Reopening a small commercial northern cod fishery raised concerns about the sustainability of the cod population.
Deep dives
The Impact of the 1992 Cod Moratorium on Newfoundland's Economy
The 1992 cod moratorium in Newfoundland resulted in the collapse of the cod fishery, leading to significant economic repercussions. The closure of the fishery had a profound effect on Newfoundland's economy, causing a decline in fishers, fishing boats, and processing plants. This shift from groundfish to shellfish, like lobster, snow crab, and shrimp, marked a significant change in the region's fishing industry.
Reopening of the Northern Cod Fishery in Newfoundland
Despite the historical closure of the cod fishery in 1992, the Canadian government reopened a small commercial northern cod fishery in 2006. Although the fishery had specific allocations and regulations similar to commercial operations, it was classified as an inshore stewardship fishery. The decision to reopen the commercial northern cod fishery was met with mixed reactions due to concerns about the sustainability of the cod population.
Scientific Insights and Risks Associated with Reopening the Northern Cod Fishery
Recent scientific assessments have indicated that the Northern Cod stock has shown limited growth since 2016 and faces a moderate risk of decline in the next three years. Despite efforts to manage fishing removals and prevent overfishing, concerns remain about the stock's vulnerability to decline. Scientists have highlighted the need for comprehensive data on factors such as seal populations and climate change to make informed decisions about the sustainability of the cod fishery.
For 32 years a moratorium on cod fishing was in place in Newfoundland. When it hit, it cost tens of thousands of jobs, decimated the economy and changed the identity of the province. But now the ban has been lifted. Sort of. At least a little. And everyone is wondering what happens next...
Should the ban have been lifted? How far back have the cod come in 32 years? What will this mean to Newfoundland's economy? And why are so many experts worried about how and why this decision was made?