We have an established record in Newfoundland and Labrador. There's a very old co-op on Fogo Island. There's the St. Anthony bay co-op, I think, in the northern peninsula of Newfoundland.
There's one in southern Labrador, but the name is escaping me at the moment. These take a number of forms. That particular one is in the form of co-operatives that own fish-processing plants and are creating local jobs. That's their focus. The Alaska CDQ model is more about people having the freedom locally to create many kinds of fisheries development, including owning licences locally, owning fish-processing plants and developing their communities.
The model that I was talking about especially and that I think is particularly interesting is the licence bank idea, which is like a co-op. I think “co-op” is a perfectly appropriate term to use, because it means some local organization or institution that is capable of holding and leasing out licences. In the long-established—since 1982—Northern Native Fishing Corporation, three tribal councils do it.
I think it's a very flexible idea, because there are many different institutions that could hold these licences or quotas and then lease them out at fair prices. It's done all over the world. I mentioned one in Denmark and one in Massachusetts. We have a small one in B.C. that's specific just to dogfish. I think it's a really useful, flexible model that can be enormously helpful in the kind of transition we're talking about.
The reason I mention the CDQ program is that it's also a very flexible model of how you can reallocate licences and quota, especially from the large groundfish trawl fleet, some of which is not Canadian-owned. You could reallocate from that fleet either to quota banks—which can then lease out the quota or licences—or to onshore fish-processing facilities.
It's an enormously flexible and valuable institution to consider, which I think this committee would find very valuable to consider. There's a whole lot of research and a whole lot written on it. I would be very happy to supply any information that you like. I'm sure that Dr. Macinko and others here could as well.