BCBusiness

September 2024 – A Clear Vision

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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14 B C B U S I N E S S . C A S E P T E M B E R 2 0 24 In order for fisheries to survive, he says, there should be limits on water use in other sectors, such as agriculture, as well as stronger protections from the downstream effects of forestry, mining and other development. At the same time, com- mercial fisheries need to adapt to shifting returns. "We need to be able to shut fisher- ies on and off. So if there is an unpre- dictably low return, those fisheries need to be closed down," says Moore, who applauds Fisheries and Oceans Canada for taking bold steps when waters are too warm. "And if there's a surprisingly good return, there will be opportunities." Chauvel agrees—and would like to see more habitat protection and further limits on the agricultural use of water; he would also like to see dams, open-pen salmon farms and other barriers to wild salmon migration removed. (Shortly after BCBusiness interviewed Chauvel, the federal government announced it was delaying a ban on open-net salmon farming off B.C.'s coast until 2029 to allow the aquaculture indus- try time to transition to land-based operations.) Because the effects of climate change have become so apparent, he doesn't know a single climate denier in the business. But despite the environmental pressures, Chauvel is optimistic enough that he's hanging on to his fishing boat—"I wouldn't keep it if I didn't believe in the industry," he says—and emphasizes that because salmon have a relatively short lifecycle, they can bounce back quickly given the right conditions. "There is enough interest in get- ting things right that the outlook for wild salmon in British Columbia is more positive today than it has been in a very long time. So I'm hanging in," he says. "Those of us who have an interest in this are investing in bringing it back—and we obviously have some level of confidence that we're going to be successful." Are You Looking to Build a Strong Corporate Culture? For more informa�on visit: salva�onarmy.ca/bri�shcolumbia/volunteer Sign your team up to volunteer today - it's the perfect way to give back to your community and let your corporate colours shine. We have fun and exci�ng opportuni�es for teams and individuals. We understand that businesses have diverse needs and require practical, manageable, and intelligent legal solutions in order to succeed. Our industry-leading lawyers work with clients to find the right solutions in select areas of business law, including: • Commercial Real Estate & Development • Corporate/Commercial • Lending/InsolvencyLitigation/ Arbitration/Dispute Resolution • Securities/Corporate Finance/Merger & Acquisitions • Tax/Trusts Practical Solutions Koˆman Kalef is a B.C. limited liability partnership of law corporporations

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