Thank you, Mr. Chair.
Thank you to our witnesses.
Dr. Sumaila, you talked about the economics of the ocean. For me, being from Newfoundland, the furthest easterly point, I lived through the cod moratorium. I see it every day, whether it's a fisheries issue, oil development, or whatnot. Everything is taking place almost simultaneously where I live, too. It's important in all aspects: the economy, local communities....
In looking at the economics of the ocean, do you take into account that the fishery has a certain value? The oil development that's taking place is basically in the ocean because the rigs are there. We're about to start a fourth one. It's on its way out now to start drilling to its oil find and to start producing very soon. Then there are the economics of the communities that are affected. Has it ever been all tied together to see the true value of each to the communities and to the country or province as a whole?