Fishing, mining interests in Kermadec sanctuary won't attract compensation

Mon, 28 Sep 2015

By Paul McBeth Sept. 29 (BusinessDesk) - The government won't compensate commercial fishing companies for lost catch in the proposed Kermadec ocean sanctuary, in what it sees as holding "very little viable commercial fishing." At the United Nations General Assembly in New York, Prime Minister John Key announced plans to create a 620,000 square kilometre ocean sanctuary in the Kermadec region, spanning about 15 percent of New Zealand's exclusive economic zone and preserving habitats for the area's 39 different species of seabirds, 35 speci...

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