Björk Wants to Investigate Magma Energy Deal Skip to content

Björk Wants to Investigate Magma Energy Deal

Icelandic singer-songwriter Björk held a press conference in the Nordic House in Reykjavík yesterday. She called for an investigation into Canadian Magma Energy’s acquisition of the Icelandic energy company HS.

Björk at the press conference. Photo by Páll Stefánsson.

“Don’t we have to investigate this acquisition process systematically? Won’t we need a report on the acquisition process as we did with the banks?” the singer asked, referring to the nine-volume report on the banking collapse released in April.

Björk gave a short speech and performed three songs during the press conference but did not take any questions from journalists, reports.

With the initiative, she, along with author Oddný Eir Aevarsdóttir and architect Jón Thórisson, want to encourage people to protest Magma’s acquisition of HS.

Björk pointed out that many things were unclear regarding the sale, stating it is unnatural for 70 percent of the acquisition price to be financed with a bullet loan with collateral in stock.

“Are we going to pay the outvasion Vikings’ Icesave debt with our nature? Isn’t it possible that we can pay our debts more easily if we maintain full authority over our natural resources and profit from them ourselves?”

“Will our grandchildren be happy about how we are reacting now? Will they be satisfied with the agreements and the sale of the natural resources?” Björk asked.

Click here to read more about the Magma controversy and here to read more about Björk.

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