Jul 19 2010
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Petition for a Referendum on Energy Resources
A petition has been launched, aimed at getting the authorities to thwart the sale of HS Orka (eothermal energy company) to Magma. To sign the petition you have to have an Icelandic I.D. number, and sign that along with your name on the website Orkuaudlindir.is
Following is the announcement from the group behind the petition along with the demands:
Within few days, the final deals concerning Magma Energy Sweden AB’s purchase of HS Orka will get signed. That will give Magma the full private right of utilization over these important and valuable resources for the next 65 years, with a possibility for a further 65 year extension! The company is buying these rights into our resources very cheaply compared to other countries, for an unusually long time compared to other countries and on terms which seem to benefit the buyer in all aspects. Some arguments have been made, stating that we can’t afford not to sell wheras the country needs foreign investors into the country to create employment. But the fact of the matter is that Magma is actually getting the main part of the loans for the purchase in Iceland – on terms which for some reason are not on offer to other companies. Read More
He Guoqiang, party secretary of the Central Commission for Discipline Inspection of the Chinese Communist Party, is visiting Iceland along with a delegation of business personale. They will be meeting with the country´s president, Ólafur Ragnar Grímsson, prime minister Jóhanna Sigurðardóttir and the foreign minister, Össur Skarphéðinsson, along with the heads of certain companies they´re interested in cooperating with.
A new Icelandic, independent, monthly newspaper recently started circulating in Iceland. The paper’s name is Róstur, being an old word for turmoil or riot. The first issue came out in March, with final work being put into the fourth issue in these written words.
Let’s cut to the chase. The opacity of Icelandic business and politics has done the country, as a whole, no favours. Much hand shaking and back scratching has gone on behind closed doors and such secluded business environments have proved themselves to be breeding grounds for lies, corruption, fraud, swindling, and downright thievery.
The Canadian energy company Magma Energy will soon own 98% of HS Orka, an Icelandic power company. Leftist-Green MP Ögmundur Jónasson believes the government ought to step in and prevent the sale from happening.