Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Aquaculture New Zealand welcomes Supreme Court decision

Aquaculture New Zealand welcomes Supreme Court decision

Aquaculture New Zealand has welcomed the long awaited Supreme Court decision clearing the way for three new salmon farms in the Marlborough Sounds.

“It has been a long, expensive and uncertain process to get to this point,” said Aquaculture New Zealand Chairman Bruce Hearn.

“Hopefully we are now at a point where New Zealand King Salmon can proceed with their growth plans and get on with what they do best – sustainably producing the world’s best salmon.

“Salmon farming currently generates $150 Million in annual revenue from a handful of carefully chosen sites around the country.

“These additional sites will utilise a fraction of the Marlborough Sounds’ water surface, under carefully controlled conditions, and generate substantial economic benefits and employment.”

In addition to the economic benefits, the application process has proved that New Zealand King Salmon can operate in balance with the environment and fellow water users, Mr Hearn said.

“We understand that the Marlborough Sounds are near and dear to the hearts of the community who work, fish, boat, dive and holiday on the water – and we agree whole heartedly that there needs to be appropriate levels of protection to ensure these activities can continue,” Mr Hearn said.

“This thorough and transparent process, that began with the EPA Board of Inquiry, has examined all the concerns of environmental advocates including impacts on the seabed, water column, nutrient release, seabirds and sea mammals as well as considering the natural landscape of areas and navigation.

“The Inquiry drew on independent scientific evidence and relevant experts and found New Zealand King Salmon can farm these new sites in balance with the local environment and community.

“The weight of scientific evidence shows that salmon farming in the right sites is sustainable and social research shows the majority of New Zealanders support growth in the industry.”

At the heart of it all, is nutritious and delicious premium salmon in demand here in New Zealand and high-end international markets, Mr Hearn said.

“Aquaculture is good for Marlborough. The aquaculture industry and New Zealand King Salmon will continue to work hard to ensure it is an asset the community can be proud of.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news