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