It turns out until recently King salmon couldn’t sell all the product they were producing, this could have been a major problem, as they are applying to National’s newly set up Environmental Protection Authority (EPA) or (Kangaroo court as I like to call it) to override the Marlborough district plan. But Nick Smith (the then cabinet minister) and National had big plans for this overseas owned company King salmon, judging by his rotary speech earlier this year anyway.
From Nick’s Speech:
“King Salmon has long held ambitions to expand their marine farms in the Marlborough Sounds. It means more jobs, more exports and more wealth in our region.
The previous RMA provisions effectively blocked any new marine farms. The EPA is now considering King Salmon’s application under our aquaculture and RMA reforms and a decision will be made this year.”
So they (King salmon) had a problem, they couldn’t sell all the salmon they produced. Now this would look bad on their expansion application to EPA, but then this is the National party, the party that cry every chance they get, ‘Market forces will sort it out’, so someone decided in late 2011 to give King salmon a $500,000 NZ Trade and Enterprise Grant or what most people would call a government hand out, well what do you know, they suddenly boasted their sales and are now crying they can’t meet demand.
King salmon have also been boasting they will create 120 new jobs and in return they will be able to double there sales from 100 million to 200 million dollars, shame the profits will be going off-shore though, and we will have to clean up their mess eventually.
Corporate welfare, pure and simple, King salmon now have rocketing sales, plus 500k of tax payers money in the bank, which by the way will come in handy to help argue there case at their EPA hearing, on the other hand the community that’s trying to fight this monster gets nothing!
The map shows how much coast line in the Marlborough sounds has already been given away for nothing to aquaculture, not only are National giving this overseas company a hand out they are throwing in some of the most beautiful and pristine coast line in the world, National plans a three fold expansion of this industry you fill in the blanks……