Seafood magnate John Risley leads venture to build infrastructure in Canada’s Arctic

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Open this photo in gallery: John Risley, the co-founder of Clearwater Seafoods who is backing the Arctic Economic Development Corporation.Justin Tang/The Globe and Mail Nova Scotia billionaire John Risley says Canada has neglected the Arctic for far too long, which has undermined the country’s economic prospects and put its sovereignty at risk. He’s betting he can light a fire for change. Mr. Risley, who made his fortune with Clearwater Seafoods before turning to investments in MDA Space and green energy, has launched a new company called Arctic Economic Development Corp. (AECD). It’s aiming to spur large-scale growth in Canada’s North,...