The energy giants were under growing pressure over their operations in the country, where the oil and gas sector is one of the military government’s main sources of revenue.Cyril Marcilhacy / Bloomberg via Getty ImagesPARIS — TotalEnergies and Chevron, two of the world’s largest energy conglomerates, said Friday they were stopping all operations in, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew 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 disobedience movements, the junta has kept power and our analysis is that it’s unfortunately for the long term,” Total said., abducting young men and boys, killing health care workers and torturing prisoners.
About 50 percent of Myanmar’s foreign currency comes from natural gas revenues, with MOGE expected to earn $1.5 billion from offshore and pipeline projects in 2021-2022, according to a Myanmar government forecast. Prior rounds of U.S. and European sanctions against the Myanmar military have excluded oil and gas.
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These companies have no room to talk about protecting human rights.
A coup/insurrection destroys a country. The GOP will bring the second wave as soon as the people vote them into power. Watch!!
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