By Sarah Edmonds
Mon Apr 23, 2007
REYDARFJORDAR, Iceland (Reuters) – Iceland’s biggest and newest aluminium smelter, Alcoa Fjardaal, pumped out its first hot metal at the weekend, riling critics who fear it will damage the environment.
The balance between environmental and economic tradeoffs for Iceland’s three existing and three planned smelters have become a major issue in the lead-up to May 12 elections.
On one side are those who fear unchecked industrial growth will harm the land and economy.
On the other are those who say Iceland must bring in such projects to make use of its abundant but unexportable power-generating resources, such as its geothermal and hydroelectric potential.
The issue has given rise to a new green party, the Iceland Movement, whose platform has a single plank: big industry development must stop for five years until the effects of projects like Alcoa’s Fjardaal are clear.
Author Andri Snaer Magnason said the construction of smelters like Alcoa’s, and the geothermal and hydroelectric plants that power them, has created a “heroin economy.” Read More