A significant halibut quota owned by the provincial government is being harvested and landed in Nova Scotia by a Nova Scotia-based fish company, CBC Investigates has learned.

The quota — 130 tons of halibut in the fisheries management areas 3NOPs-4VWX, which covers all of the south and west coasts of Newfoundland — is part of the suite of quotas the province leases annually to Icewater Seafoods Inc. in Arnold's Cove to help fuel its operations.

But CBC Investigates has discovered that Icewater isn't harvesting that quota at all. The Newfoundland company has instead been sub-leasing it to an unnamed harvesting entity outside the province.

That means the government-owned halibut quota is not providing any direct employment benefit to the province.

Read the full story at CBC News>>