December 22, 2022 — With both offshore wind development and dissent from fishing groups ramping up along the East Coast, Senator Ed Markey and Congressman Seth Moulton announced a plan Wednesday to establish a national fund to compensate potential economic loss suffered by the fishing industry.
Currently there is no federal framework that requires offshore wind developers to compensate fishermen for potential damages. Those include gear loss, habitat degradation, loss of historic fishing grounds and new fishing restrictions in areas leased for wind farms — all of which compound, fishermen say, to spell serious economic challenges to their industry.
In the absence of such compensation requirements, some developers have established their own funds, with their own oversight panels. Other developers have not yet established a compensation plan. Fishing groups have been critical of this approach, saying the government’s lack of clear requirements gives the offshore wind industry the upper hand in compensation negotiations, leaving it up to the fishermen to prove the impact on their livelihoods and up to developers to decide the extent to which they are responsible.
“Any ability left to the wind developers to choose their own procedures will always result in their taking the least expensive path most favorable to them, not commercial fishing,” the New Bedford Port Authority wrote in a letter to the director of the Bureau of Ocean Energy Management (BOEM) in August.