French energy giant Total cuts cashflow to Myanmar junta

May coverage in The Australian around the announcements of Total a French energy giant withholding tens of millions of dollars in cash dividend payments to the Myanmar junta from a very profitable gas pipeline company part-owned by the military-­controlled Myanma Oil and gas Enterprise (MOGE).

Clancy Moore our National Director quotes “Total and Chevron’s actions are a positive first step in supporting the people of Myanmar and will begin to limit the murderous Myanmar military ­regime’s ­access to vital foreign currency. We urge them to stop the other 90 per cent of payments flowing to the military from the pipeline”

Previous
Previous

Australia still failing in efforts to tackle corruption and climate transparency in resource sector

Next
Next

Total’s stopping of dividends is a first step to support democracy