Irrawaddy/AFP-Jan 21

Energy giants Total Energies and Chevron said Friday they would leave Myanmar following pressure from human rights groups to cut financial ties with the military junta since last year’s military coup. Total cited in a statement the “worsening” human rights situation in the country in its decision to pull out of Myanmar, a move that deprives the junta of a key source of revenue. The French firm and US oil major Chevron will withdraw from the Yadana gas field in the Andaman Sea, which provides electricity to the local Burmese and Thai populations. “The situation, in terms of human rights and more generally the rule of law, which have kept worsening in Myanmar… has led us to reassess the situation and no longer allows TotalEnergies to make a sufficiently positive contribution in the country,” the French oil company said.

US energy giant Chevron said it was leaving “in light of circumstances in Myanmar”. Read more at: https://www.irrawaddy.com/news/burma/total-chevron-to-exit-myanmar-amid-rights-abuses.html