Big Law
Chevron and TotalEnergies Stop Operations in Myanmar
TotalEnergies and Chevron, two of the world’s largest energy conglomerates, said Friday they were stopping all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the country’s military overthrew the elected government.
The announcement came just a day after the French company called for international sanctions targeting the oil and gas sector, which remain one of the military government’s primary sources of funding.
Total and Chevron had come under increasing pressure over their role in running the offshore Yadana gas field, and Thailand’s PTT Exploration & Production. Total has a majority stake in the venture and runs its daily operations, while MOGE collects revenues on behalf of the government.
