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15 Dec 2010


Norway Complicit in Human Rights Abuses in Burma

The 40-page publication...documents how the Norwegian Pension Fund-Global (Fund) has USD $4.7 billion invested in 15 oil and gas companies from eight countries operating in Burma. The report finds these companies complicit in abuses such as forced labor, killings, and land confiscation in Burma, putting Norway in violation of its own Ethical Guidelines for responsible investment. [The Resource Centre invited the 15 firms to respond – see link below for the responses. CNOOC, Essar Oil, KOGAS, PTTEP, Total, Transocean have responded. Chevron responded that it supports Total’s statement. GAIL of India and JX Holdings declined to respond. Hyundai Heavy Industries, Daewoo Intl., PTT and Posco did not respond. PetroChina said that they do not have operations in Burma - their parent company, CNPC, does; CNPC did not respond. Kunlun Energy declined to respond]