Oil giants Total, Chevron exit Myanmar due to human rights abuses

Energy giants TotalEnergies and Chevron Corp have said they are exiting Myanmar due to the “worsening” human rights situation and deteriorating rule of law after the country’s military seized power in a coup last year.

The announcement on Friday followed a call by France’s Total a day earlier to slap targeted international sanctions on Myanmar’s oil and gas sector to place all revenues in escrow – a move aimed at cutting off the army’s biggest source of foreign currency funding after it overthrew Myanmar’s elected government in February 2021.

 

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