A parliamentary committee set up to oversee foreign investments in Iceland finally piped up yesterday and announced its doubts about the legitimacy of the sale of a share in HS Orka to a shell company in Sweden, set up expressly for the purpose of circumventing Icelandic laws.
Don’t Icelanders just do everything at the last minute. The sale is to be approved in the Reykjavík City Council today.
However, this gives a glimmer of hope to those of us who are vehemently opposed to the sale of our natural resources at bargain prices, in a deal fraught with deceit and fraud. As does the revelation that there is a clause in Icelandic law that could allow the Minister of Business Affairs to annul the deal:
If the Minister for Business Affairs considers a particular foreign investment to threaten the security of the state or violate public policy, public safety or public health … he can stop such investment provided he make known his decision within eight weeks of receiving notification of the investment in question …
The Minister for Business Affairs is quoted in Fréttablaðið today as “wondering” about the legitimacy of the sale.
At any rate, there are protests scheduled this afternoon at 2 pm at Reykjavík City Hall, when the sale of the share in HS Orka is due to be finalized. If you are in Iceland and want to take a stand against corruption and greed, not to mention FOR the freedom and sovereignty of this country – BE THERE.
EVEN IF IT’S RAINING AND BLOWING HARD
We’ve had some serious rain this morning, although it’s really fine raindrops, just lots of them. And of course there is the ubiquitous wind. I see a patch of blue sky from my window right now, though, so there is hope yet for a happy end to the day. 10°C right now, [that’s 50F]. The sun came up at 6.49 and set at 7.54.
[ps I’m almost done with Magma Energy and HS Orka. Soon I’ll be back to more uplifting things, like how the Icelandic banks shifted profits to offshore accounts without even attempting to hide what they were doing.]
MORE ON THE SALE OF ICELAND’S RESOURCES:
And while we’re looking the other way …
More on that ludicrous Magma HS Orka deal
Magma Energy and the second coming
Of corruption, stupidity and the value of green energy