Yes, I can't think of any country that has a fishery with a structure like this. I guess the thing is on paper in some ways Canada doesn't have this foreign ownership, but we know majorities of some fishing fleets are illegally owned by fish processing companies. It's obvious in every community. We can go around communities in Newfoundland and Labrador and say, “That's a company boat and that's company boat.” There seems to be a real hesitation on the part of the Department of Fisheries and Oceans to do anything about it. Again, we do have regulations. We do hope there's more investment in this, and follow-up with investigations into exactly where the money is, and what the agreements are that lawyers have drawn up that show it's in a fisherman's name but we know all the value of that fish is going to a processing company.
We really need to dig in and crack down on that. It's been known for some time but the will hasn't been there to crack down [Technical difficulty—Editor] with everyone knowing that it is really doing.... For parts of the coastal economy depending on the fishery, that money is just leaving there now, a lot of that value in the fishery. If you're a young person, you don't have a chance of getting in because there's going to be a company that will outbid you every single time.
That's what's happened in the last number of years.