Ocean Choice suing Prince Edward Island for $19m

The Guardian is reporting the Newfoundland-based Ocean Choice International (OCI) is suing the PEI government for over $19 million; the company is accusing the government of secretly providing financial aid to its competitors, which breaks an agreement signed between the company and the province back in 2004. This is just the latest squabble between the two, as in June the government of PEI revealed it was suing OCI for $10 million alleging Ocean Choice failed to make its minimum annual payments of $750,000 in 2010 and again in 2011. Neither allegation has been proven in court. To get the full scoop and history on the rift between PEI and OCI, check out The Guardian’s article at the link below.

Source: The Guardian

Our goal is to raise $15,000 before the end of the year to solidify our plans for 2023. We need your support to keep producing this progressive, explanatory, and unique local journalism.

 

Want more of The Independent?

You can make it happen.

More in-depth explainers. More community news.

Will you help us raise $15,000 for our investigative journalism, witty commentary, and cutting analysis of Newfoundland and Labrador issues?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top