Ross Beaty,CEO of Magma Energy, that bought the HS ORka powerplant in ICeland,has offered Bjork,a 25 % share in HS Orka. Mr Beaty says that he offers Bjork the share at the same price as Magma Energy got it from HS ORka. Bjork has seen his offer and answered " dear ross noticed your message for me you offering me shares in hs orka shows that you totally miss my point i feel this company should not be privatized , it should be given back to the people . therefore i am not interested in shares . but if i would get the same deal as you , a 70% bulletloan from icelanders to buy usage of their own resources , i might reconsider , who wouldn´t ? you didn't really put your money where your mouth is , did you ? good bye björk P.s. I also saw in financial times when you asked me , personally , to pop over to your office and you would lower how long magma´s usage of our resources is going to be . This only reveals how willing you are to cut deals outside law and order " Read more...
" dear ross noticed your message for me you offering me shares in hs orka shows that you totally miss my point i feel this company should not be privatized , it should be given back to the people . therefore i am not interested in shares . but if i would get the same deal as you , a 70% bulletloan from icelanders to buy usage of their own resources , i might reconsider , who wouldn´t ? you didn't really put your money where your mouth is , did you ? good bye björk P.s. I also saw in financial times when you asked me , personally , to pop over to your office and you would lower how long magma´s usage of our resources is going to be . This only reveals how willing you are to cut deals outside law and order "
björk
P.s. I also saw in financial times when you asked me , personally , to pop over to your office and you would lower how long magma´s usage of our resources is going to be . This only reveals how willing you are to cut deals outside law and order "
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What, in your view, is the Magma deal all about? It is a very important case for Iceland. An international corporation is trying to buy up the exclusive rights to our natural resources. We were warned almost immediately after the banking collapse that this would happen, for instance by Paul Hawken and Joseph Stiglitz. Naomi Klein also discusses this kind of situation thoroughly in `The Shock Doctrine'. It is widely known that nations that find themselves in trouble get besieged by vultures that want to take advantage of their situation and make an easy profit. They start off being all nice and reasonable, gaining the locals' trust - "here to help" - and then... You know all about Magma's history in Peru, right? It is swaddled with human rights violations and disrespect to local customs, unions, law and regulation. The list goes on... Some might say that Magma making rotten deals with Peru is irrelevant, that Iceland is no Peru. "We are not a third world country." But the deals we've made with them are just so bad; a large part of Magma's downpayment comes in the form of a bullet loan from HS Orka itself with 1.5% interest for seven years, with HS Orka shares as collateral. It's a joke. Read more...
It is a very important case for Iceland. An international corporation is trying to buy up the exclusive rights to our natural resources. We were warned almost immediately after the banking collapse that this would happen, for instance by Paul Hawken and Joseph Stiglitz. Naomi Klein also discusses this kind of situation thoroughly in `The Shock Doctrine'. It is widely known that nations that find themselves in trouble get besieged by vultures that want to take advantage of their situation and make an easy profit. They start off being all nice and reasonable, gaining the locals' trust - "here to help" - and then...
You know all about Magma's history in Peru, right? It is swaddled with human rights violations and disrespect to local customs, unions, law and regulation. The list goes on... Some might say that Magma making rotten deals with Peru is irrelevant, that Iceland is no Peru. "We are not a third world country." But the deals we've made with them are just so bad; a large part of Magma's downpayment comes in the form of a bullet loan from HS Orka itself with 1.5% interest for seven years, with HS Orka shares as collateral. It's a joke.
