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Article

17 Feb 2014

Author:
Kyaw Phone Kyaw, Myanmar Times

EITI to report on industry red flags [Myanmar]

An energy watchdog group set up to scrutinise the exploitation of Myanmar’s natural resources has announced it will initially concentrate on the “most problematic and profitable” sectors – oil, natural gas and mines. The multi-stakeholder group, an association of representatives from the government, resource extraction companies and civil society, was formed…to compile reports under the Extractive Industries Transparency Initiative, which seeks to apply international standards to the exploitation of natural resources…The 23-member committee…features six members from the private sector, including representatives from Petronas, Total and MPRL, and nine from civil society, including members of the 88 Generation, Paung Ku, Seinyaungso, Shwe Gas Movement, Dawei Development Association and Eco-Dev.

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