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Stakeholders press energy companies doing business with Myanmar to address Rohingya crisis

Author: Simon Billenness, Executive Director of the International Campaign for the Rohingya (USA), Published on: 23 October 2017

A group of investors and stakeholders has called on energy companies doing business in Myanmar/Burma to reassess their dealings in light of that country’s brutal military crackdown on its ethnic Rohingya minority... [L]etters signed by 31 investor organizations representing more than $53 billion in assets...were sent to executives at six oil and gas companies...Commodities make up a majority of Myanmar’s exports and are often controlled...by the armed forces... International Campaign for the Rohingya said, "...The oil companies in Burma must take affirmative steps to avoid complicity in these crimes against humanity.” In addition to citing the moral obligation..., the letters express concern about the potential risks to investments in the country as well as harm to corporate reputations...The letter to oil companies states...:“We believe that [your] operations and investment in Myanmar... creates a special obligation for [your company] to both express its concern over recent events and to reassess its relationship with the government in light of the...recent military actions against Rohingya communities. We cannot maintain ‘business as usual’ in a country where allegations of crimes against humanity and genocide persist.” Companies receiving the letter were China National Offshore Oil Corporation, Daewoo, PetroChina, Petronas, Total, and Woodside Petroleum.

Read the full post here

Related companies: China National Petroleum Corporation (CNPC) CNOOC (China National Offshore Oil Corporation) Daewoo Group PetroChina (part of China National Petroleum Corporation) Petronas Total Woodside