'Reykjavik Energy'
Tag Archive
Jul 13 2010
4 Comments
Actions, ALCOA, Alterra Power/Magma Energy, Century Aluminum, Corruption, Democracy deficit, Greenwash, H.S. Orka, Helguvík, Hengill, IMF, Landsvirkjun, Neo-Liberalism, Reykjavik Energy, Rio Tinto Alcan, Saving Iceland
Join our resistance against the industrialization of Europe’s last remaining great wilderness and take direct action against heavy industry!
The Struggle So Far
The campaign to defend Europe’s greatest remaining wilderness continues. For the past five years summer direct action camps in Iceland have targeted aluminium smelters, mega-dams and geothermal power plants.
After the terrible destruction as a result of building Europe’s largest dam at Kárahnjúkar and massive geothermal plants at Hengill, there is still time to crush the ‘master plan’ that would have each major glacial river dammed, every substantial geothermal field exploited and the construction of aluminium smelters, an oil refinery, data farms and silicon factories. This would not only destroy unique landscapes and ecosystems but also lead to a massive increase in Iceland’s greenhouse gas emissions. Read More
Nov 17 2009
3 Comments
ALCOA, Alterra Power/Magma Energy, Amazon, Arms Industry, Bakki, Century Aluminum, Climate Change, Ecology, Economics, Geothermal Energy, Greenwash, H.S. Orka, Helguvík, Jaap Krater, Landsvirkjun, Mining, Miriam Rose, Reykjavik Energy, Rio Tinto Alcan, Saving Iceland, South Africa
By Jaap Krater and Miriam Rose
In: Abrahamsky, K. (ed.) (2010) Sparking a World-wide Energy Revolution: Social Struggles in the Transition to a Post-Petrol World. AK Press, Edinburgh. p. 319-333
Iceland is developing its hydro and geothermal resources in the context of an energy master plan, mainly to provide power for expansion of the aluminium industry. This paper tests perceptions of geothermal energy as low-carbon, renewable and environmentally benign, using Icelandic geothermal industry as a case study.
The application of geothermal energy for aluminium smelting is discussed as well as environmental and human rights record of the aluminium industry in general. Despite application of renewable energy technologies, emission of greenhouse gases by aluminium production is set to increase.
Our analysis further shows that carbon emissions of geothermal installations can approximate those of gas-powered plants. In intensely exploited reservoirs, life of boreholes is limited and reservoirs need extensive recovery time after exploitation, making geothermal exploitation at these sites not renewable in the short to medium term. Pollution and landscape impacts are extensive when geothermal technology is applied on a large scale.
Krater and Rose – Development of Iceland’s Geothermal Energy – Download as PDF
The full publication will be available from Jan. 15, 2010. ISBN 9781849350051.
Oct 10 2009
1 Comment
Alterra Power/Magma Energy, Economics, Geysir Green Energy, H.S. Orka, Reykjanes, Reykjavik Energy
From The Reykjavík Grapevine, by Catharine Fulton – One by one men in suits of varying shades of grey approached the podium in the pit of the Reykjavík City Hall. One by one they pleaded their cases while Reykjavík’s esteemed mayor—the fourth in two years—Ms. Hanna Birna Kristjánsdóttir looked on appearing disinterested in what appeared to be solely a formality. As the council members continued selling the idea of selling Iceland’s resources, a crowd of 100-strong grew more agitated and increasingly vocal from their perch in the viewing gallery of the hall, separated from having a say in their own natural resources by an aesthetically pleasing glass barrier.
“People were screaming, saying that the politicians were traitors,” explained Jón Bjarki Magnússon, a student who arrived at City Hall just in time for the vote. “It was a weird feeling to see it happen, to see these people down on the floor raise their hands and the decision is made and to see all these angry people above them not able to do anything.”
The September 15th city council meeting stretched on for over three hours, during which time onlookers shouted and boo-ed as city council progressed toward approving the 32.32% sale of Iceland’s HS Orka to the Canadian-cum-Swedish firm Magma Energy Corp. Read More
Aug 27 2009
Alterra Power/Magma Energy, Economics, Geysir Green Energy, H.S. Orka, Helguvík, IMF, Reykjavik Energy
Magma Energy, a Canadian company, wants to buy a majority share in H.S. Orka, a geothermal energy company based on the Reykjanes peninsula. In July this year Magma Energy bought a 11% share in H.S. Orka from Geysir Green Energy (GGE) and therefor became the first foreign shareholder in an Icelandic energy company. The purchase was a part of a bigger agreement between Reykjanesbær and GGE, which resulted in GGE owning a little more than 50% of H.S. Orka. Around the purchase, Ross Beaty, Magma’s director stated that the company did not plan to become predominant in H.S. Orka or meddle with the management of the company’s power plants.
In the middle of August, Orkuveita Reykjavíkur (O.R. – e. Reykjavík Energy) decided to start discussion with Magma Energy about the latter’s purchase of O.R.’s share in H.S. Orka, which is 32% and would therefor give Magma 43% share in the company and the possibility of increasing it 5%. Magma has bought the very small shares of the communities of Sandgerði and Hafnarfjörður, and has been discussing with communities like Vogar and Grindavík about buying their shares as well. If everything goes like planned, H.S. Orka, which e.g. is the biggest energy provider for the Century Aluminum’s planned smelter in Helguvík, will mostly be owned by to private companies; Magma and GGE, which will own c.a. half of the shares each. Read More
Apr 07 2009
ALCOA, Alterra Power/Magma Energy, Andri Snaer Magnason, Century Aluminum, Corruption, Democracy deficit, Economic Collapse, Economics, Energy Prices, Geothermal Energy, Jaap Krater, Kárahnjúkar, Landsvirkjun, Reykjavik Energy, Rio Tinto Alcan, Saving Iceland
John Perkins, the author of The Confessions of an Economic Hitman, is currently in Iceland. Perkins is here to be at the premier screening of The Dreamland, a documentary based on Andri Snær Magnason’s book, also titled The Dreamland. Last Sunday, Perkins was interviewed in a political TV show on RÚV (the state television station) where he spoke about the threat of Icelandic resources being sold to foreign corporations and advised Icelandic authorities not to collaborate with the International Monetary Fund (IMF).
Perkins used to work for the U.S. National Security Agency and his job included “to convince poor countries to accept enormous development loans – and to make sure that such projects were contracted to U.S. companies,” as says on the back cover of his book. Perkins states that Iceland is the first ‘developed’ country in the world to be hit by the ‘Economic Hitmen’, referring to the invasion of the aluminium industry in Iceland. Read More
Mar 05 2009
Actions, Greenwash, Landsvirkjun, Reykjavik Energy
Yesterday three black dressed individuals, masked with aluminium foil, threw green Skyr (traditional Icelandic dairy product) on representatives of Icelandic energy companies during a greenwash presentation in the University of Iceland. In June 2005 Saving Iceland threw Skyr on representatives of Alcoa and Bechtel during an international aluminium conference in Reykjavík.
Gaia – the student association of Master students in Environment and Natural Resources, had organized a “Green Week” in the university. Among activities was this particular presentation by e.g. Landsvirkjun (Iceland’s national energy company), O.R. (Reykjavík Energy) and Geysir Green Energy; all companies who are involved in the development of the aluminium industry in Iceland. Read More
Feb 09 2009
ALCOA, Bakki, Bechtel, Century Aluminum, Climate Change, Dams, Ecology, Economic Collapse, Energy Prices, Geothermal Energy, Greenwash, Hengill, hydropower, IMF, Kárahnjúkar, Landsvirkjun, Miriam Rose, Reykjavik Energy, Rio Tinto Alcan, Saving Iceland, Þjórsárver
From New Renaissance Magazine
By Miriam Rose
The economic issues currently causing mass demonstrations in Iceland have a less publicised ecological cousin, and one which the IMF has recently identified as part of the economic collapse. In 1995 the Ministry of Industry and Landsvirkjun, the national power company, began to advertise Iceland’s huge hydropower and geothermal energy potential. In a brochure titled “Lowest energy prices!!” they offered the cheapest, most hard working and healthiest labour force in the world, the cleanest air and purest water – as well as the cheapest energy and “a minimum of environmental red tape” to some of the world’s most well known polluting industries and corporations (such as Rio Tinto and Alcoa). This campaigning has led to the development of an ‘Energy Master Plan’ aimed at damming almost all of the major glacial rivers in Iceland, and exploiting all of the geothermal energy, for the power intensive aluminium industry. The loans taken by the Icelandic state to build large scale energy projects, and the minimal payback they have received from the industry, has been a considerable contributing factor to the economic crisis, while at the same time creating a European ecological crisis that is little heard of.
The Largest Wilderness in Europe
I first visited Iceland in 2006 and spent a week with activists from the environmental campaign Saving Iceland, a network of individuals from around Europe and Iceland who decry the fragmentation of Europe’s largest wilderness in favour of heavy industry. From these informed and passionate folk I learned of the 690 MW Kárahnjúkar dam complex being built in the untouched Eastern Central Highlands to power one Alcoa aluminium smelter in a small fishing village called Reydarfjörður. The dams formed the largest hydro-power complex in Europe, and were set to drown 57 km2 of beautiful and virtually unstudied wilderness, the most fertile area in the surrounding highlands. Ultimately it would affect 3% of Iceland’s landmass with soil erosion and river silt deprivation. They also explained how materials in the glacial silt transported to the oceans bonds with atmospheric CO2, sinking carbon. The damming of Iceland’s glacial rivers not only decreases food supply for fish stocks in the North Atlantic, but also negatively impacts oceanic carbon absorption, a significant climatic effect. After taking part in demonstrations at the construction site of the Alcoa smelter (being built by famous Iraq war profiteers Bechtel), I went to see the area for myself. Read More
Feb 03 2009
Bitra, Century Aluminum, Hengill, Reykjanes, Reykjavik Energy, Þjórsárver
Iceland’s new minister of environment and a Left Green MP, Kolbrún Halldórsdóttir has announced that one of here first jobs in the government will be to protect the Þjórsárver wetlands. At the same time she has said that Norðurál’s (Century Aluminum) plans for a new aluminium smelter in Helguvík, can most likely not be stopped by any future government. While in opposition, the Left Greens always spoke against the construction in Helguvík.
Þjórsárver are a unique ecosystem characterized by tundra meadows intersected with numerous glacial and spring-fed streams, a large number of pools, ponds, lakes and marshes, and rare permafrost mounds. Iceland’s national energy company, Landsvirkjun wanted to build a 30 meters high dam in the area, creating a 65 km2 big reservoir. The energy was supposed to run the enlargement of Rio Tinto Alcan’s aluminium smelter in Hafnarfjörður, a plan that the majority of the town’s population voted against in a local referendum in 2007. Later Landsvirkjun proposed to lower the planned dam down to 24 meters. Halldórsdóttir’s decision about the protection of Þjórsárver is very important and a big victory for the Icelandic environmental movement.
Iceland’s new minority government, formed by Samfylkingin (the Social Democratic Alliance) and Vinstri Grænir (VG – The Left Greens), has released it’s policy statement for the upcoming 80 days until parliamentary elections will take place in the end of April. The statement states e.g. that “no new plans for aluminium smelters are on the government’s list.” Still Össur Skarphéðinsson, a Samfylkingin MP and the minister of industry since 2007, has said that both Norðurál’s planned 360 thousand ton smelter in Helguvík and Alcoa’s planned smelter in Bakki, Húsavík, do not fall under this statement. Read More
Jan 13 2009
Alterra Power/Magma Energy, Bitra, Century Aluminum, Geothermal Energy, Reykjanes, Reykjavik Energy, Þjórsá
The directors of Reykjavík Energy (OR) and Hitaveita Suðurnesja (HS) have both said that the companies are not able to supply all the necessary energy that Century Aluminium needs fo it’s planned aluminium smelter in Helguvík, in the next 7 years, even though 6 new power plants would be built. At least 200 MW would be needed, which is the amount of energy that could be produced by building power plants in Bitra (geothermal field) and in Urriðafoss waterfall (in Þjórsá river).
Össur Skarphéðinsson, minister of industry has on behalf of the Icelandic government, given Norðurál (Century Aluminium) the permission to build up to 360 thousand ton aluminium smelter in Helguvík, which would produce double the amount Rio Tinto Alcan’s smelter in Hafnarfjörður produces. But where does all the necessary energy – 625 MW – come from?
Read More
Oct 26 2008
ALCOA, Andri Snaer Magnason, Century Aluminum, Economic Collapse, Economics, Hengill, Kárahnjúkar, Landsvirkjun, Reykjavik Energy, Rio Tinto Alcan
Andri Snær Magnason, Fréttablaðið – In these turbulent times interested parties use the opportunity to offer us “solutions” and relief. This time around it involves “alleviating all restrictions” and putting public energy companies up as 300 – 400 milliard collateral for two to three new aluminium plants. This is what is on the drawing board when the total debt of OR and LV (the central public energy institutions) are already at a dizzying 550 milliards – mostly because of Alcoa and Norðurál (Century Aluminum). This is why the banks always preached large-scale industry policies – more debt – more joy. It’s down to the price of aluminium to repay these loans, but aluminium prices are plummeting and a level of overproduction has already been reached. The nation believes that the magic term EXPORT EARNINGS is money that will end up in the nation’s pocket. News of export earnings and foreign currency receipts have time and again been directly false and treacherous. A bar chart published in the Morgunblaðið newspaper the 11th of October depicts the aluminium industry as more important than the fishing industry and considerably larger than the tourism industry. But the presentation is exactly as the INTERESTED PARTIES would like to have it portrayed in the media. When Alcoa Fjarðaál claims to export for 70 milliards a year, most Icelanders believe that this is currency that we can use. Read More