What’s good for the ocean may also be good for business
Conservation, sustainable fishing, and carbon sequestration can be profitable.
Marty Odlin, who grew up and lives on the Maine coast, remembers what the ocean used to be like. But now, he said, the ocean there is “like a watery desert and just within my lifetime.” In the last few years, he said, he has seen lots of sea grass and many other species virtually disappear from the shoreline. Odlin comes from a fishing family and has a passion for history, both of which have informed his sense of commitment to ocean health.
Running Tide, based in Portland uses a combination of robotics, sensors and machine learning to build an aquaculture operation that is selling oysters now and eventually clams. The company also plans to seed oyster reefs and clam beds along the shoreline and restore kelp forests and sea grass. This will help the coastal ecosystem bring back biodiversity and improve water quality. Running Tide’s plans are just one of a number of efforts being made towards this new “blue economy,” a term used to describe commercial activity on the oceans, seas and coasts.