Tag Archives: Aquabounty

A fishy return on public investment: The policy collision over genetically modified salmon

The Canadian Biotechnology Action Network

Canadians are the first in the world to eat a genetically engineered (genetically modified or GM) fish, thanks in part to over $8 million in federal government funding behind its development. The government is set to receive 10% royalties from sales relating to the GM salmon research, as part of a $2.8 million funding agreement in 2009 between the GM fish company AquaBounty and the Atlantic Canada Opportunities Agency. 38% of Canadians say they would “definitely not eat” if given the choice, and so the product’s success, arguably, depends on the government maintaining its position against mandatory labelling of GM foods. Published in the Canadian Centre for Policy Alternatives magazine Monitor, Sept/Oct 2018.

SOURCE

Government reaping royalties from GM Atlantic salmon

Common Ground – March 30, 2018

The Canadian government is receiving 10% royalties from sales of the world’s first genetically modified (GM or genetically engineered) animal, a GM Atlantic salmon.

“We’re concerned that the government is responsible for regulating this GM fish and also has a stake in its success,” said Lucy Sharratt of the Canadian Biotechnology Action Network (CBAN).

The royalties are part of a 2009 $2.8 million-dollar grant agreement between the company AquaBounty and the federal government Atlantic Canada Opportunities Agency. The royalties will be paid to the Government of Canada until the grant amount is paid back. If the GM salmon is not a commercial success, there is no requirement for the company to repay the government funds.

SOURCE