Chevron, Total exit Myanmar over deteriorating human rights
Source: AP
By LORI HINNANT
PARIS (AP) — TotalEnergies and Chevron, two of the world’s largest energy conglomerates, said Friday they were stopping all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew the elected government.
The announcement came just a day after the French company called for international sanctions targeting the oil and gas sector, which remain one of the military government’s primary sources of funding.
Total and Chevron had come under increasing pressure over their role in running the offshore Yadana gas field, and Thailand’s PTT Exploration & Production. Total has a majority stake in the venture and runs its daily operations, while MOGE collects revenues on behalf of the government.
“Since the Feb. 1 coup, we have seen the evolution of the country and it is clearly not favorable: The situation of rule of law and human rights in Myanmar has clearly deteriorated over months and despite the civil disobediance movements, the junta has kept power and our analysis is that it’s unfortunately for the long term,” Total said.
FILE - This photo shows TotalEnergies tower in La Defense business district outside Paris on Sept.7, 2021. French energy conglomerate TotalEnergies has asked the American and French governments to support targeted sanctions against Myanmar's oil and gas funds, the largest single source of income for the country's military leaders. (AP Photo/Rafael Yaghobzadeh, File)
Read more: https://apnews.com/article/business-france-europe-thailand-myanmar-30f66b6506496b1e571eeb8cfe1afed5
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