McGuinness Institute report attacks King Salmon financial positionDEREK FLYNN/FAIRFAX NZA research institute has raised concerns about New Zealand King Salmon's economic benefits in a critical report. The McGuinness Institute, described as an independent research institute, released a case study of King Salmon's financial position on Friday. It included analysis of King Salmon's feed content, rising water temperatures, employment and financial information, concluding King Salmon was vulnerable to financial and environmental shocks. The McGuinness Institute was funded by the McGuinness Foundation Trust, a trust set up by McGuinness and her husband, a Wellington property developer. "The McGuinness institute report appears to be an esoteric exercise trying to determine the economic benefits of new salmon farms before they [have] entered production."

Source: Stuff July 31, 2016 04:06 UTC