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Article

14 Jun 2012

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US Senator John McCain

Statement by Senator John McCain on Foreign Investment in Burma

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U.S. Senator John McCain (R-AZ) today released the following statement regarding foreign investment in Burma: “Daw Aung San Suu Kyi made a very important statement today that I call on the Administration and our European allies to heed. She urged foreign governments not to allow their companies to enter into new partnerships at this time with the Myanmar Oil and Gas Enterprise, or MOGE, the state-owned enterprise in Burma that controls all foreign investment in the country’s oil and gas industry. I share Daw Suu’s concerns that MOGE’s operations lack transparency, that it remains overly influenced by the Burmese military, and that the large amounts of foreign investment flowing into MOGE are not yet sufficiently accountable to the Burmese parliament and people..."