A report from the Fisheries and Oceans Canada, has said that closed containment
technology for salmon has less potential for profit than the conventional open ocean
net pens. However they do recommend that pilot studies be supported of the closed containment system. The department bases its findings on hypothetical economic modelling.
The Coastal Alliance for Aquaculture Reform (CAAR) and the T. Buck Suzuki Foundation are claiming proof that the recommendations are evidence that closed containment systems can be profitable at a commercial scale. "The Coastal Alliance for Aquaculture Reform (CAAR) is delighted that the federal government is finally recognizing the potential of closed containment technology as a serious alternative to harmful net-cage operations," CAAR said Wednesday in a news release. Read more...
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