newfoundland

Newfoundland's fisheries came under the management of DFO when NL joined Canada in 1949. In the subsequent decades the number of trawlers increased and local fishermen complained to the government that this was impacting stocks.

By the late 60s super-trawlers were bringing in many times the yearly catch than was possible before.

In the 70s Canada declared foreign vessels couldn't fish within 200 nautical miles. DFO then set quotas that were too high, and American and Canadian vessels picked up where the foreign vessels left off, further depleting the stock. Newfoundlanders, including members of my own family, wrote the government of the day to warn them it was unsustainable.

In the 80s, scientists agreed and said that the fishery should should be cut in half. It wasn't.

In the 90s it collapsed.

This is basically how Canada and the Canadian province of Newfoundland mismanaged just one of Newfoundlands resources, not for the benefit of Newfoundlanders but for the short term benefit of whatever American or Canadian corporation could afford the biggest trawler. Basically, a few decades of shareholder return at the expense of a fishery that had been sustained for 500 years. O, Canada!

Of course, it should come as no surprise when the primary purpose of the government of Canada is to facilitate resource extraction, coast to coast to coast!