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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…
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Björk Speaks Up On Magma Again
This Tuesday, a formal proposal was submitted to the Public Representative of the Icelandic Parliament, signed by Björk Guðmundsdóttir, Jón Þórisson (the Icelandic assistant to Eva Joly) and the writer Oddný Eir Ævarsdóttir. The proposal concerns the sale of Iceland’s natural resources…
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Magma Energy Lied to Us
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…
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Björk On Magma Energy
Dear friends, I can no longer remain silent on the very pressing subject that is the selling off of Iceland’s nature. I hereby challenge the government of Iceland to do everything in its power to revoke the contracts with Magma Energy that…
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Magma Wants to Conduct Geothermal Exploration in Area of Natural Treasure
Magma Energy – a Canadian energy company that recently announced it had acquired a 98% stake in the Icelandic power company HS Orka – would like to explore the area around Kerlingafjöll mountain for possible geothermal drilling. RÚV reports that according to…
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Government Seeking to Shorten Magma Energy’s Lease
The Icelandic government is hoping to shorten the length of time that Canadian company Magma Energy will own 98% of Iceland’s third largest power company, HS Orka. As reported, Magma Energy already owned 46% of HS Orka when it approached the Icelandic…
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Foreign Energy Concern Set to Buy Nearly All of Icelandic Energy Company
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. In a nutshell, Magma Energy already owns 46%…
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Blame Canada?
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…
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Dirty Deeds Bought Dirt Cheap?
Reykjavík City Council approved the sale of 32 percent of Reykjanes-based geothermal energy plant HS Orka to Canadian-come-Swedish company Magma Energy on September 16th in front of a group of protestors, who grew more rowdy as the meeting went on. Earlier this…