Norwegian salmon farmer Masoval is the latest company to freeze planned investments in the country in light of a proposed 40 percent natural resources tax, part of a coordinated effort to pressure the government to re-evaluate its plans.

The company announced Wednesday it would cancel the acquisition of 116 metric tons of maximum allowable biomass, and postpone planned investments in excess of NOK 1 billion ($94 million/€95 million).

The proposed tax, which must still be approved by the Norwegian Parliament, is set to take effect on Jan.