The implications, as I indicated partially at least in my opening comments, are significant. These multispecies surveys are the basis for decision-making on many key fish stocks.
I'll use our company as an example. I highlighted the 3LMNO missed surveys for the past two years and that potentially the spring survey this year was missed as well—so three consecutive years. I think of fish stocks like Greenland halibut, which are highly lucrative fisheries, where most of that management zone has been missed. Yellowtail flounder, which is a major fishery for us, has been missed the last two years and maybe the last three years. There's redfish. Snow crab would be another one that was missed in the multispecies survey. Luckily, we have a really good, high-quality trap survey in the case of snow crab.
These missed surveys have huge implications because you have no new information when you come into the CSAS process. When you get into the management decision-making process, you have no new information really to base decision-making on and you have no trends. That can present a huge opportunity cost for industry if we're looking at resources that are trending in an upward direction.
Conversely, obviously, there are concerns in terms of any negative impact it might have if you're not monitoring those stocks on a regular basis, so there are huge implications for us.
In terms of doing it better—or what the minister could do—there are two things as my recommendations outlined. One is to close the gap on the missed surveys, which I flagged, with the Canadian Coast Guard. Second is to look at ways for industry to be more actively engaged in these surveys.
We do this, and I used examples in my opening comments. I could use other examples where industry surveys can be used to help fill gaps that exist in DFO direct science. It's still driven by DFO. The survey methodology is still driven by DFO. The oversight is provided by DFO. It's analyzed by DFO, peer-reviewed by DFO and recommendations come out of the minister's office. Obviously, they come out of the department and into the minister for decision-making.
Those are the areas, I think, of improvement that really are urgently required to address some of these massive challenges that we're facing right now in stock assessment.