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An Army of Us: Magma Energy vs. Iceland (So Far)
By now most of our readers are probably familiar with the ongoing saga of Magma Energy—a Canadian-based energy company—and their troubles getting any sort of even footing in Iceland. On many occasions, it seems that Magma Iceland CEO Ásgeir Margeirsson and artist…
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Magma Hasn’t Yet Paid for HS Orka
Magma Energy has yet to make the final payment for HS Orka, Eyjan reports, pending a decision from the government on the sale’s legality. The payment, which was supposed to have been made at the end of last month, has not been…
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Does Man Own Earth?
There are countless reasons for Magma Energy not being allowed to purchase HS Orka. Those who have no idea why should quit reading this and get their hands on books like Naomi Klein’s ‘The Shock Doctrine’ and documentaries like ‘The Big Sellout’…
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And Magma Responds to Björk
Magma Energy has once again responded to Björk Guðmundsdóttir, this time saying that they are not, in fact, looking at five other locations in Iceland for geothermal exploration but rather two others. As reported, Björk told Morgunblaðið in a recent interview that…
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Reykjanesbæ Mayor Responds to Björk
Árni Sigfússon, the mayor of Reykjanebæ, has recently responded to Björk Guðmundsdóttir and her concerns about Magma Energy. As reported, Magma Energy not only bought a 98% stake in HS Orka – they also received the rights to geothermal exploration in the…
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Geothermal Energy: Still Steaming Ahead
“Icelanders regard plentiful, cheap, guilt-free energy as part of their birthright.” —Daniel Gross, Newsweek, April 2008 A geothermal challenge At present, Iceland is pinning its hopes on its two major resources—fishing and renewable energy—to pull it out of the current economic crisis.…
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Bjork Continues to Take On Magma
Björk Guðmundsdóttir said in an interview over the weekend that she doesn’t believe it’s possible to trust Magma Energy CEO Ross Beaty, and that she wants to see the matter put to a national referendum. She mentions that Magma has shown an…
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Minister of Industry to Submit Power Privatization Bill
In response to the Magma Energy controversy, Minister of Industry Katrín Júlíusdóttir told the television news show Kastljósið last night that she intends to submit a bill to parliament which would change the way municipalities do business with private companies. The bill…
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Thousands Sign Anti-Magma Petition
Over 16,000 Icelanders have signed a petition demanding the government ultimately reject Magma Energy’s purchase of HS Orka. In addition, the petition also calls for a national referendum on laws on the sale natural resources. The petition can be found at orkuaudlindir.is,…
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Reykjavík Energy Accused of Concealing Information
Reykjavík Energy has been accused of withholding information about Magma Energy’s purchase of HS Orka. The matter has been referred to an appeals committee for review. According to a statement to the press, Jón Þórisson and Haraldur Hallgrímsson requested from Reykjavík Energy…
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Björk Corrects Magma
In the continuing saga of Björk Guðmundsdóttir versus Magma Energy, she responds to Magma Energy’s contentions that the artist is misinformed and misinforming others. As has been reported, Ásgeir Margeirsson, the director of Magma in Iceland, told reporters that claims Björk has…
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Meet the Magma Committee; Magma Says Björk Is Wrong
The independent committee that the Prime Minister called for to investigate the legality of Magma Energy’s purchase of HS Orka has finally been assembled. In the wake of news that the government would not confirm the Magma Deal, the Prime Minister also…
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Magma Getting Frustrated
Magma Energy CEO Ross Beaty told the Financial Times that he is considering delaying or even canceling moving forward with the HS Orka purchase, due to “political uncertainty”. As Grapevine reported, the Icelandic government said last week that it would not confirm…
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Grand Old Aunt Björk
ON THAT WHOLE MAGMA ENERGY/ HS ORKA THING -What, in your view, is the Magma deal all about? It is a very important case for Iceland. An international corporation is trying to buy up the exclusive rights to our natural resources. We…
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Vast Majority Do Not Want Foreigners Owning Natural Resources
According to a new Capacent poll, 85% of Icelanders are against allowing foreigners to buy Icelandic natural resources. The poll, initiated by blogger Teitur Atlason, also shows that 4.5% favor the idea of foreigners owning Icelandic natural resources. 10% said they had…
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Independent Magma Committee Formed
In the wake of yesterday’s news that the government will not confirm Magma Energy’s purchase of HS Orka, an independent committee has been established to examine the privatization of power companies in the past few years. The reason why Magma Energy was…
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Coalition Government Unthreatened By Magma Energy Deal
Minister of Finance Steingrímur J. Sigfússon says that the coalition government is not in any danger despite reports that the sale of HS Orka to Magma Energy is causing inter-party tensions, according to mbl.is. Since the announcement of the sale, some reports…
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Björk Answers Ross Beaty: We Shouldn’t Complete This Deal
dear ross beaty i appreciate your answer it is good for the icelandic nation to see this information in the open , before it makes up its mind on this . a lot of bad deals for this country’s fortunes have happened…
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10,000 Have Already Signed Björk’s Petition
According to a press release from Smekkleysa (Bad Taste), around 10,000 Icelandic citizens have signed the petition against the selling of Iceland’s energy resources. This petition will eventually be delivered to the Alþingi. Björk presented this petition only 3 days ago at…
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Magma’s Ross Beaty Addresses Björk’s Questions
Magma Energy CEO Ross Beaty has sent us a long response to response to Björk’s recent statement regarding his company’s operations in Iceland and acquisition of a major share in Icelandic energy company HS Orka. In it, he attempts to answer the…
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Björk To Ross Beaty: You Totally Miss My Point
dear ross noticed your message for me you offering me shares in hs orka shows that you totally miss my point i feel this company should not be privatized , it should be given back to the people . therefore i am…
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Björk Holds Press Conference Regarding Sale Of HS Orka
Today at 16:00, singer and icon Björk Guðmundsdóttir held a press conference at the Nordic House in Reykjavík to address the sale of Icelandic energy company HS Orka to the Canadian company Magma Energy. Björk, who has been outspoken about environmental affairs…
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Ross Beaty’s Got a Proposal for Björk
Ross Beaty, CEO of Magma Energy, the Canadian geothermal pure play that has created a stir over the past year by buying up portions of Icelandic geothermal energy company HS Orka, has got a proposal for Björk: “I have a cheeky proposal…