Energy giants Total and Chevron are propping up Myanmar's junta with a gas project that has allowed the regime to stash nearly five billion dollars in Singaporean banks

AFP - Energy giants Total and Chevron are propping up Myanmar's junta with a gas project that has allowed the regime to stash nearly five billion dollars in Singaporean banks, a rights group said Thursday.

France's Total and US-based Chevron have also tried to whitewash alleged rights abuses by Myanmar troops guarding the pipeline, including forced labour and killings, two reports by US-based EarthRights International said.

The group urged the international community to exert pressure on the two companies, which have long managed to avoid Western sanctions against the generals who rule the impoverished Southeast Asian nation.

"Total and Chevron's Yadana gas project has generated 4.83 billion dollars for the Burmese regime," one of the reports said, adding that the figures for the period 2000-2008 were the first ever detailed account of the revenues.

"The military elite are hiding billions of dollars of the peoples' revenue in Singapore while the country needlessly suffers under the lowest social spending in Asia," said Matthew Smith, a principal author of the reports.

The junta had kept the revenues off the national budget and stashed almost all of the money offshore with Singapore's Overseas Chinese Banking Corporation (OCBC) and DBS Group (DBS), the watchdog said.

"The revenue from this pipeline is the regime's lifeline and a critical leverage point that the international community could use to support the people of Burma," added Smith, the group's coordinator for the country.

Total said it was still studying the report, while Chevron said development projects for the project had helped local communities.

"We believe that Total’s health, economic development and education programs, which we support, are critical and substantively make positive improvements to the lives of the people in the Yadana project communities," a Chevron statement said.

Total and Chevron are two of the biggest Western companies in Myanmar and have recently come under fire for their dealings with the regime, following the extension in August of the house arrest of pro-democracy icon Aung San Suu Kyi.

Total has been able to continue working there because EU sanctions against the country currently only cover arms exports, wood, minerals, gems and metals.

US lawmakers in July 2008 dropped plans for sanctions that would have ended tax write-offs enjoyed by Chevron and would have pressured it to pull out from the Yadana project.

Total has been a major investor in the Yadana project since 1992, holding a 31.24 percent stake. Chevron has a 28 percent stake in the field, production from which represents 60 percent of Myanmar's gas exports to Thailand.

EarthRights said that as a result of the hidden revenues, Total and Chevron were a "primary reason" why international and domestic pressure on the Myanmar military regime had been ineffective for decades.

The group meanwhile said that impact assessments of the pipeline by US-based CDA Collaborative Learning Projects, a US non-profit organisation commissioned by Total, had covered up adverse effects and abuses, the group said.

Report co-author Naing Htoo said CDA "wilfully participated in whitewashing Total and Chevron's impacts in Burma and their role in forced labour, killings, and other abuses."

CDA visited villages in the pipeline area on five occasions but only with escorts from the oil company and interpreters from Total, while villagers were warned by security members not to give bad news, the report said.

The Chevron statement said however that the firm believed the CDA's findings "provide a credible assessment of the Yadana Project’s community engagement activities."

Myanmar has been ruled by the military since 1962. Its huge natural resources are also a major target for Asian countries, especially China, which eschew western sanctions.

Views: 35

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone left a comment for Roberto Castorena
"Welcome to a revolutionary concept in public communication, the truth."
yesterday
Less Prone posted a blog post

Reiner Füllmich imprisoned for investigating the Covid scandal

Rainer Füllmich, a lawyer investigating the Covid scandal was illegally captured in Mexico in…See More
yesterday
Burbia posted a video
yesterday
Doc Vega posted blog posts
Wednesday
Less Prone favorited Doc Vega's photo
Tuesday
tjdavis posted a video

They Destroyed Our Country and Nobody Stopped Them | No Commentary

Music Used in this Video:Song/Music - TimeArtist - Hans ZimmerLicense Type: Creative CommonSong/Music - Evidently ChickentownArtist - John Cooper ClarkeLicen...
Tuesday
Doc Vega posted blog posts
Monday
Doc Vega posted photos
Monday
Sandy posted a photo
Sunday
james will's blog post was featured

What Is Tubidy? A Complete Beginner’s Guide

IntroductionTubidy is a free online platform that allows users to search, stream, and download…See More
Jan 10
Less Prone favorited james will's blog post What Is Tubidy? A Complete Beginner’s Guide
Jan 10
Roberto Castorena is now a member of 12160 Social Network
Jan 9
Less Prone favorited tjdavis's photo
Jan 9
Doc Vega posted a blog post

What They Told Us About Health and Now it’s Completely Reversed?

 Remember growing up that they told us all of these rules of thumb when it came to your…See More
Jan 8
tjdavis posted a photo
Jan 7
Less Prone commented on Doc Vega's photo
Thumbnail

G99Gt39XEAAyu6Y

"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
Jan 7
Doc Vega commented on Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
Jan 7
Doc Vega posted photos
Jan 6
Doc Vega posted blog posts
Jan 6
tjdavis posted a photo
Jan 4

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted