Icelandic town to sue government if it stops Magma Energy deal? | IceNews
The chairman of the Reykjanesbaer town council says he does not see how Magma Energy can pull out of the HS Orka purchase at this stage and added the town would consider suing the State if it interferes to cancel the deal. The Financial Times reported this weekend that Ross Beaty, the president of Canada’s Magma Energy, is threatening to delay or even cancel buying HS Orka due to the political storm it is causing in Iceland. The government has stated it is determined to reverse the widespread privatisation of the energy sector. Bodvar Jonsson, chariman of the Reykjanesbaer council, says the...
Source: icenews.is