Saving Iceland

Briefing from International Rivers Network and Friends of the Earth
January 2004

The article in pdf format

EXPOSING THE EQUATOR PRINCIPLES

 

Barclays bank are helping to arrange a $400 million loan to an Icelandic power company (‘Landsvirkjun’) to construct the countries biggest hydropower project (‘Karahnjukar’) in the Iceland Central Highlands, the second largest remaining wilderness area in Europe, in apparent breach of the banks own green project finance principles the Equator Principles and for the primary purpose of providing cheap electricity for a new aluminium smelter (‘Fjardaal’) for the aluminium producer Alcoa. Read More

‘Damned Nation’ is very good on the spiel behind the Karahnjukar project and Alcoa.

The Ecologist
v.33, n.10, 1. Jan 2004

Costing over $1 billion, the Karahnjukar hydroelectric dam in Iceland is a hugely controversial project. Mark Lynas journeyed to the blasting face, hoping to work out for himself whether this industrial elephant is green or brilliant-white.

Reassurances in the Impregilo work camp canteen Read More