February 8, 2023 — The following was released by the New Bedford Port Authority:
On February 7th, 2023, the New Bedford Port Authority (“NBPA”) released remarks aimed at providing in-depth commentary on the (9) State Framework for Establishing a Regional Fisheries Compensation Fund Administrator for Potential Impacts to the Fishing Community from Offshore Wind Energy.
Nine Atlantic Coast states are working together to advance and ultimately implement a consistent regional approach for administration of financial compensation (Regional Fund Administrator) paid by developers to address adverse effects of offshore wind energy development on the U.S. Eastern Seaboard’s commercial and for-hire recreational fishing industries.
The NBPA underscored that there is no port in the United States that has more interest, or more at stake, than the Port of New Bedford relative to this Regional Fund Administrator. It also emphasized that to have a truly legitimate and sustainable fisheries compensation fund program, any proposed framework, and the corresponding administrative process to distribute the funds, must be codified in federal law through an act of Congress.
The NBPA comments focused on the fact that potential losses to the fishing industry should not be based on geographic proximity to offshore wind projects, but instead should be based on losses incurred at landing ports. Therefore, it is imperative that shoreside income loss determinations be analyzed on a port-by-port basis based upon the actual losses incurred.
The NBPA believes a regional or cumulative approach to mitigation and compensation is essential. Cumulative impacts of multiple offshore wind developments across our entire coastline will produce collective impacts to fishing industries and the communities supporting them. A common set of rules and procedures established by this process will not only minimize the burden of fishermen seeking compensation but will give offshore wind developers clear expectations for their planning and development purposes.
“We appreciate this opportunity to assist policymakers in better understanding the unique interests of New Bedford as the nation’s leading commercial fishing port,” said New Bedford Mayor Jon Mitchell. “In our view, the two most important mitigation considerations for a Fund Administrator are ensuring access to mitigation funds for affected shoreside businesses in addition to vessels; and the importance of allocating funds commensurate with the value of the landings associated with respective ports. We look forward to a collaborative effort to establish a fair and equitable policy framework that addresses these concerns.”
As impacts from offshore wind will only grow in scope and intensity as more projects are built out, any framework must include ongoing scientific and economic analyses, technical aspects of fishery management and ecosystems, and socio-economic values, all with direct and substantial participation and collaboration with our fishermen.