Since the economic collapse of Iceland, pressure has been on to ‘solve’ the country’s problems though industrialisation. Plans, however, are highly exploitative, paying insufficient account to environmental damage and the question of the sustainability, as the oppositional group Saving Iceland reports
The Icelandic Geothermal Cluster: Banks, Universities, Ministries, Energy Companies and Aluminium Producers Join Forces
Dozens of Icelandic companies and institutions, all directly connected to the heavy industrialization of Iceland, have established a co-operating forum concerning the development of the so-called “Icelandic geothermal cluster”. The forum, which was formally established yesterday, June 28th, is originally a conception by Dr. Michael Porter, professor at Harvard Business School and known as “a leading authority on company strategy and the competitiveness of nations and regions.” Interviewed by a news-report TV show Kastljós, Porter, who was in Iceland to take part in the forum’s formal establishment, said that Icelanders are “too cautious” when it comes to “using the opportunities that consist in geothermal energy and the nation’s expertise on the issue.” Contrary to Porter, environmentalists and Iceland’s National Energy Authority fear the overexploitation of geothermal resources.