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21 Mär 2023

Myanmar: Report lists oilfield services companies & investors that allegedly support the military junta; incl. company responses

Alle Tags anzeigen

According to the report by the Justice for Myanmar, "oil and gas industry is the biggest source of foreign-currency revenue for the junta. Oil and gas revenue is used to purchase arms, jet fuel and other supplies needed for the junta's continuing commission of war crimes and crimes against humanity. According to the junta’s own figures, Myanmar earned US$1.72 billion from gas exports in the six months to March 31, 2022 alone." The report names oil, gas, and related companies as well as investors that allegedly support the military junta.

Oil, gas and related companies

The Business & Human Rights Resource Centre invited 26 oil, gas, and related companies respond to the allegations in the report. Only Baker Hughes, Chevron, Diamond Offshore Drilling, McDermott International, Oceaneering International, and POSCO responded. The responses are linked below.

The following companies did not respond: Ben Line Agencies, China Oilfield Services Limited, COENS, Destini Berhad, Energy Drilling, ENRA Group Berhad, Gavin & Doherty Geosolutions, Gulf Petroleum Myanmar, Halliburton, Hyundai Heavy Industries, InterMoor, Japan Drilling Company, MTI Energy, Muhibbah Engineering, PetroVietnam, PT Gunanusa Utama Fabricators, PTTEP, Schlumberger, Transocean, and Weatherford International.

Investors

Moreover, the Resource Centre invited 37 investors to respond. Only Allianz SE, National Pension Services, and Norges Bank Investment Management responded. Their responses are linked below.

The following investors did not respond: Aroma Teraju Sdn. Bhd., BlackRock, Capital Group, China ZhenHua Oil, Contrarius Investment Management, Dimensional Fund Advisors, Exor Investments, Federal International, Fidelity, FIL Investment Management, Guotai Junan Securities, HD Hyundai, Hyundai Motor Company, Interra Resources, JPMorgan, KAF Investment Funds Bhd., KCC Corporation, KGI Securities, Linc Shared Services Sdn. Bhd., Maybank Securities Pte. Ltd., Morgan Stanley, Oak Hill Advisors, Oaktree Capital Management, OCBC Securities, PRIMECAP Management, Samsung Asset Management, Samuel Terry Asset Management, Sourcerock Group, State Street Global Advisors, ValueAct Capital, Van Eck Associates, Vanguard, Wellington Management, and Yacktman Asset Management.

The Resource Centre was unable to identify points of contacts on the following companies: Carillo Capital Sdn. Bhd., KGH, Mizreen Capital Sdn. Bhd., Trillion Icon Sdn. Bhd., and Utarasama Marine Sdn. Bhd. The Resource Centre welcomes responses from these companies. Meanwhile, the Resource Centre awaits the response from the Principal Financial Group.

Chevron-MTI Energy sale

Meanwhile, the Resource Centre also invited Chevron and MTI Energy to respond to the allegations concerning the alleged sale of Chevron's stake in the Yadana Gas Project, specifically whether human rights due diligence have been undertaken in relation to the sale.

Unternehmensantworten

HD Hyundai

Keine Antwort

KCC Corporation

Keine Antwort

Hyundai Motor (part of Hyundai Kia Motor)

Keine Antwort

Samsung Asset Management (part of Samsung Life Insurance)

Keine Antwort

KAF Investment Funds Bhd

Keine Antwort

Sourcerock Group

Keine Antwort

Fidelity Investments (FMR LLC)

Keine Antwort

PRIMECAP Management

Keine Antwort

Van Eck Associates

Keine Antwort

Dimensional Fund Advisors

Keine Antwort

Morgan Stanley

Keine Antwort

Oaktree Capital Management

Keine Antwort

Yacktman Asset Management

Keine Antwort

Oak Hill Advisors

Keine Antwort

Exor Investments

Keine Antwort

Norges Bank Investment Management (NBIM) Antwort anzeigen
Aroma Teraju Sdn. Bhd.

Keine Antwort

Linc Shared Services

Keine Antwort

Gutoai Junan Securities

Keine Antwort

Contrarius Investment Management

Keine Antwort

Wellington Management International Limited

Keine Antwort

KGI Securities

Keine Antwort

OCBC Securities

Keine Antwort

McDermott Antwort anzeigen
Oceaneering International Services Limited Antwort anzeigen
Baker Hughes Antwort anzeigen
JPMorgan Chase

Keine Antwort

State Street Global Advisors Limited

Keine Antwort

Weatherford International

Keine Antwort

Acteon Group Limited

Keine Antwort

Halliburton

Keine Antwort

Diamond Offshore Drilling Antwort anzeigen
ValueAct Capital

Keine Antwort

Capital Group

Keine Antwort

Vanguard

Keine Antwort

BlackRock

Keine Antwort

SLB (former Schlumberger)

Keine Antwort

Interra Resources

Keine Antwort

Maybank

Keine Antwort

Federal International

Keine Antwort

MTI Energy Inc

Keine Antwort

Petroleum Authority of Thailand Exploration and Production (PTTEP)

Keine Antwort

Gulf Petroleum Myanmar

Keine Antwort

Ben Line Agencies

Keine Antwort

Destini Berhad

Keine Antwort

Energy Drilling

Keine Antwort

ENRA Group Berhad

Keine Antwort

PT Gunanusa Utama Fabricators

Keine Antwort

Japan Drilling

Keine Antwort

Muhibbah Engineering

Keine Antwort

Petrovietnam

Keine Antwort

Posco International (part of POSCO) Antwort anzeigen
National Pension Service (NPS) Antwort anzeigen
COENS

Keine Antwort

Hyundai Heavy Industries

Keine Antwort

Gavin & Doherty Geosolutions

Keine Antwort

Transocean

Keine Antwort

FIL Investment Management Ltd.

Keine Antwort

China ZhenHua Oil

Keine Antwort

China Oilfield Services Limited (COSL)

Keine Antwort

Samuel Terry Asset Management

Keine Antwort

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