Qujannamiik, Mr. Earle.
Thank you, Chair and committee, for allowing me to share some thoughts this morning.
I am a beneficiary of the Labrador Inuit Land Claims Agreement. I am also a member of the Northern Coalition and president and CEO of the Nunatsiavut Group of Companies. Coincidentally, I am the national chair of the Inuit Development Corporation Association. A lot of what we're talking about applies across the north route to Inuit Nunangat.
Regarding our area in particular, I would like to focus on one alarming point that is not just an irritant; it upsets a lot of local people along the coast. In shrimp fishing areas 4 and 5, which are adjacent to Nunatsiavut waters, our access is only 32% within shrimp fishing area 4 and less than 29% for shrimp fishing area 5, notwithstanding 20 years of a land claim agreement. We find that not necessarily of benefit to us. We find that's a very low share of resources adjacent to our coast and, frankly, offensive.
I do not speak on behalf of the Government of Nunatsiavut even though I'm a beneficiary. There have been many discussions with DFO over the years. Within the Nunatsiavut Group of Companies, we have nine companies that are wholly owned and majority-owned and 10 partnerships. I would say that the most connected company of all is Nuluak, which is our fishing entity. We don't have enough quota to purchase a vessel to compete with the big players, and that's problematic.
I will say that the dividends and royalties we get now we plow back into growing profitable and sustainable companies in areas that may not be as profitable, such as construction on the coast and other elements where we can support our people socio-economically speaking.
Again, while there's talk of truth and reconciliation in particular, it is a fact that we aren't getting fair access to our resources. It's certainly something we'd like folks to consider on a go-forward basis, something that's a bit more fair, a bit more just. We'd like folks to understand the adjacency principle and historical dependency as well, because they really allow for increased economic benefits to many of our coastal communities that are still suffering poverty in many respects.
Qujannamiik. Thanks.