$4.7M for Coastal Restoration of Placentia Bay
- Business & Finance
The protection and restoration of the environment is a top priority for the Government of Canada.
In May 2017, the Government of Canada announced a $75 million Coastal Restoration Fund to help to rehabilitate some of the most important marine ecosystems and address threats to marine species.
The funding is a part of the national $1.5-billion Oceans Protection Plan, an historic investment that aims to make Canada a leader in marine safety.
Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced yesterday that the Fisheries and Marine Institute of Memorial University of Newfoundland and Labrador will receive $4.7 million over five years for a project to help restore the ecosystem in Placentia Bay.
The Bay has been identified as a priority for coastal restoration. Its port facilities handle some of the largest volumes of oil in Canadian waters and have experienced continued growth in both the oil and gas and marine shipping sectors.
This project will be led by the Marine Institute’s Centre for Fisheries Ecosystem Research (CFER) and will include partnerships with the Miawpukek First Nation, ACAP Humber Arm, Salmon Association of Eastern Newfoundland, Fish, Food and Allied Workers Union, and local fish harvesters.