Saving Iceland

Upptyppingar

Today at the annual general meeting of the Icelandic Glaciological Society the geophysicist Páll Einarsson confirmed that a volcanic eruption is imminent in one or two years time in Upptyppingar near Askja. He said this was a direct result of the inundation of Kárahnjúkar. He also claimed that the earthquakes that had started in February, ceased temporarily when the inundation was halted, but as soon as it was continued the tremors began again. The water in Halslon weighs two billion tons now and over 4000 earthquakes have been recorded since February.
Einarsson added that it was a mystery why the effects of the inundation were felt 20 kilometers away from Karahnjukar, instead of in the immediate vicinity of the dams.

Read More

Iceland Review
10/05/2007

Reykjavík City Council Quarrels about REI-GGE Merger

Members within the Independence Party of Reykjavík City Council are in a hefty debate about the merger between Reykjavík Energy Invest and Geysir Green Energy, announced Wednesday. Reykjavík City holds a share in REI.

REI was founded in March as the daughter company of Reykjavík Energy (OR) and the board of OR and their shareholders agreed on the merger at a meeting on Wednesday, ruv.is reports.

During the meeting it became evident that the attendees had very different opinions on the role and policy of OR and whether OR, a public company, should participate in such risky private business investments, which is where REI seems to be headed.

Some of the Independence Party members who hold a seat in the City Council said the merger happened too quickly and that their opinions, as representatives voted by Reykjavík residents to protect the city’s interests, had been ignored.

Independence Party council members approached by ruv.is would not comment on the record. One member, Gísli Marteinn Baldursson, only said the case was “sensitive” and that he needed to discuss it further with his colleagues before making any comments.

According to ruv.is, the merger will have certain consequences for the OR board—city councilmen who have a seat there may have to leave the board, including Reykjavík Mayor Vilhjálmur Th. Vilhjálmsson.

Following the debate, Vilhjálmsson requested last night that Bjarni Ármannsson, chairman of REI’s board, allow all OR employees to have the same preemptive rights to purchase shares in REI after the merger, Fréttabladid reports.

Gudmundur Thóroddsson, who is on leave from his position as OR’s CEO and the CEO of REI, was permitted to purchase shares with a par value of ISK 23 million (USD 373,000, EUR 264,000) at the currency rate of 1.3.

Three geologists, two engineers and one economist were permitted to purchase shares with a par value of 7.8 million (USD 127,000, EUR 90,000) at the 1.3 currency rate, but other OR employees were only allowed to purchase shares with a par value of up to ISK 300,000 (USD 4,900, EUR 3,400).

Ármannsson said REI’s board would review the mayor’s request.

Iceland Review
10/04/2007

REI and GGE to Merge and Become Energy Giant

Reykjavík Energy Invest (REI) and Geysir Green Energy (GGE) announced at a press conference yesterday that the companies would merge under the REI name. After the merger, the company will be worth ISK 65 billion (USD 1.1 billion, EUR 748 million).

“The merger is a way to achieve rapid growth. Size matters, because the companies we will compete with and be in competition with are huge energy companies,” Hannes Smárason, chairman of GGE’s board and CEO of FL Group, told Morgunbladid.

“With an increase in size we will have a larger say as well as access to more funding and thus take on larger projects, which are the most profitable and exciting projects in this business,” Smárason added.

“I am convinced that a merger will bring many opportunities and that there is a bright future ahead,” said Bjarni Ármannsson, who will serve as chairman of the new company’s board.

“But it depends of course on who is holding the cards. It is the responsibility of those in charge to create value. It is far from being within reach, but one could say that time is on our side and the wind is at our backs,” Ármannsson concluded.

Smárason and Ármannsson will introduce the merger at an FL Group investor meeting in London today.

See also:

Geysir Green Energy acquires shares in WGP
/?p=921

Are ALCOA to be given Landsvirkjun on a silver plate?
/?p=733

On the 12th of September 2007, the Global Day of Action Against Heavy Industry, people in South Africa, Iceland, Trinidad, Denmark, New York, Holland and the UK protested against the heavy industrialisation of our planet. This marked the first coordinated event of a new and growing global movement that began at the 2007 Saving Iceland protest camp in Ölfus, Iceland. The common target of these protests against heavy industry was the aluminium industry, in particular the corporations Alcan/Rio-Tinto and Alcoa. Read More

Jaap Krater
Earth First Journal
3 August, 2007

Summer of Resistance in Iceland – an overview

This year, Iceland saw its third Summer of direct action against heavy industry and large dams. In a much-disputed master plan, all the glacial rivers and geothermal potential of Europe’s largest wilderness would be harnessed for aluminum production (see EF!J May-June 2006). Activists from around the world have gathered to protect Europe’s largest remaining wilderness and oppose aluminum corporations.
Read More

Updated 1 October 2007

Icelandic geologists have now confirmed that the earthquakes at Upptyppingar were caused by the inundation of Halslon at Karahnjukar. Now that the inundation of the Karahnjukar area is completed the earthquakes have subsided, but only for the time being. The water levels of Halslon will be constantly fluctuating while the reservoir is operational.

This proves that the warnings of geologists like Grimur Bjornsson and Gudmundur Sigvaldason were very valid. The Kárahnjúkar dams are situated on a cluster of active geological fissures. The government withheld geological reports from parliament when voting on the dams took place.
The suppression of these reports, the official gagging order placed on Grimur Bjornsson and the general defamation that the concerned scientists experienced from government ministers, power companies and other State institutions was criminal. Those responsible should be made to answer for this.
Read More

ALCOAs web in the northeast. Click for larger.

Just some of the important issues that are missing from the IR report below are for example the large scale destruction of all the geothermal areas in the northeast and the incredible net of electric pylons that the project entails. It should also be noted that once the smelters are built demands for enlargements always surface. The smelter capacity usually aimed for by aluminium companies is around 500.000 tonns. Once ALCOA have exhausted the geothermal energy of the northeast they will be going for the remaining glacial rivers of all of the north of Iceland. For more information see: A letter to ALCOA from Dr. Ragnhildur Sigurdardóttir and Gudmundur Páll Ólafsson
Read More

“The hurt many of us feel towards the developments in eastern Iceland is so great that we will never accept another aluminum smelter to be built in Iceland. We would not be surprised if the environmental NGO’s and grass root organizations would consider the proposed developments in Northern Iceland to be a serious provocation on the behalf of Alcoa.”
Read More

7 August 2007

Today lovers of nature almost danced on the graves of ALCOA, ALCAN, Century and Elkem when a mysterious power “thump” in the national grid managed to knock out power to all their factories!

At around 3pm today a power surge which originated from around the Hvalfjordur region (where Century and Elkem run their aluminium-cancer and alloys factories), created such a surge that all power to the west, north and east of Iceland was brought down, even Reykjavik’s for a split second. Energy was not restored to the heavy industry factories for a number of hours. Unfortunately, whilst we were counting the minutes these factories were offline, we are told that the pots of molten aluminium did not cool down enough to destroy them entirely.
Read More

Landsvirkjun Involved in Coal & Nuclear Powered RioTinto-Alcan Smelter in Africa
HAFNAFJORDUR – Saving Iceland has closed access to RioTinto’s Straumsvik smelter in South-West Iceland. About 20 protestors have locked their arms in metal tubes and climbed onto cranes on the smelter site. Saving Iceland opposes plans for a new RioTinto-Alcan smelter in Keilisnes or Thorlakshöfn, expansion of the existing smelter, and a new coal and nuclear powered smelter in South Africa.

“Protests against Alcan have been successful. Of course the people of Hafnafjordur have stopped the expansion of Straumsvik and recently, in Kaskipur, Northeast India, Alcan had to give up it’s participation in a bauxite mine because of protests against their human rights violations and environmental devestation. Alcan has been accused of cultural genocide in Kashipur, 1 because mining and dams have already displaced 150.000 mainly tribal people there 2. Norsk Hydro left the project when police tortured and opened fire on protestors, and then Alcan moved in,” says Saving Iceland’s Jaap Krater.

• UPDATE: Rio Tinto-ALCAN to Sue Saving Iceland

Read More

‘Iceland is bleeding’

.

Athygli, the public relations company of the National Power Company (Landsvirkjun) woke up this morning to find that during the night a splash of paint had been directed at their offices. A spokesman of the company said the words ‘Iceland Bleeds’ had been written on the house and that he suspected that Saving Iceland was behind this because his company was on a certain “deathlist” on www.savingiceland.org. We can only assume that he means ‘The Nature Killers’ section on this website.

Why would Athygli be on the list of companies responsible for the murder of Icelandic nature? Read More