Bjork Takes On Magma to Stop Takeover of Iceland's Geothermal

By Omar R. Valdimarsson

Singer-songwriter Björk Gudmundsdottir is spearheading a push that one poll shows is backed by 85 percent of Icelanders to put foreign energy takeovers to referenda if enough people oppose the deals.

The popular movement would block an acquisition by Canada’s Magma Energy Corp. of geothermal power generator HS Orka hf, which was approved by a parliamentary commission on March 22. More than 18,100 Icelanders have signed a petition demanding the deal be reversed, about half the number Premier Johanna Sigurdardottir has said should be enough to hold a referendum.

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