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Magma Energy

Beaty polishes his halo in The Globe and Mail

October 18, 2010

So, Toronto’s Globe and Mail today publishes an interview with Ross Beaty, CEO of Magma Energy, which focuses [among other things] on the controversy surrounding Magma’s acquisition of HS Orka here in Iceland. Now, we know this about Ross Beaty: he is a smooth talker. He’s got this slightly self-depreciating manner that instantly invites rapport. [...]

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On keeping Iceland’s energy resources under Icelandic control

October 13, 2010

As I mentioned in the last post, Eva Joly has joined ranks with those who oppose the sale of Icelandic energy company HS Orka to Magma Energy of Canada. This afternoon, Mme Joly, along with a group of people who oppose the Magma deal, gave a press conference in which the Magma affair was once [...]

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Eva Joly bids farewell

October 13, 2010

Eva Joly announced at a press conference this afternoon that she is stepping down as special advisor to the Special Prosecutor’s Office in the investigation into potential criminal activity in connection with the meltdown. This is effective immediately. Mme Joly intends to run for the presidency in France — hence this change. Originally she had [...]

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On mafia involvement in the energy sector

September 5, 2010

Sigrún Davíðsdóttir, one of Iceland’s best investigative reporters [she blogs in English here] recently broadcast a fascinating report on increased mafia investments in the energy sector, on current affairs radio programme Spegillinn, which airs on RÚV, weekdays at 18.30. Sigrún bases her information on a report by Europol on the mafia’s involvement in the energy [...]

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Government nearly implodes over Magma affair

August 2, 2010

Well, there has certainly been a bit of a stir about the whole Magma – HS Orka deal while I was away. The government threatened to implode over the issue, as three MPs from the Left-Greens said they would withdraw their support for the majority coalition if the government did not do something to annul [...]

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Björk et al launch petition to overturn Magma sale

July 19, 2010

So, as per my last post, I headed down to the Nordic House today where Björk, Jón Þórisson and Oddný Eir Ævarsdóttir — the three people behind the formal appeal to Iceland’s parliament that I wrote about here — had called a press conference. I got there at the last minute, and the lobby was [...]

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Björk calls a press conference

July 19, 2010

… and when Björk speaks, everyone listens.* It’s about the HS Orka and Magma deal. Something about introducing a petition. I’m heading down there now and will live Tweet if I can get online. Laters! * In Niceland, at least.

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Björk hops on Magma protest wagon

July 13, 2010

Today Icelandic songstress Björk Guðmundsdóttir, writer Oddný Eir Ævarsdóttir and architect Jón Þórisson, assistant to Eva Joly, submitted a formal request to the Parliamentary Ombudsman to conduct an in-depth and thorough review of the sale of HS Orka to Magma Energy of Canada. [If you've just joined us, you might want to click here for [...]

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Major fury over new allegations regarding Magma Energy and HS Orka

July 12, 2010

Last Friday, a parliamentary committee that was appointed to rule on the legitimacy of foreign investment in Iceland, announced that it was perfectly legal for Magma Energy of Canada to own Icelandic utilities company HS Orka. Brief recap for anyone who doesn’t know about this case. Last year, a decision was made to sell [privatize] [...]

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Magma of Canada takes full control of HS Orka

May 17, 2010

Some readers may remember a series of posts last year about the proposed — and later finalized — sale of the energy company HS Orka to a Canadian outfit named Magma Energy. This story is one of most blatantly corrupt tales to come out of this country in the last few years, and that, as [...]

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