Two of the world’s largest energy conglomerates, TotalEnergies and Chevron, on Friday said that they have decided to withdraw from Myanmar, citing rampant human rights abuses and the deteriorating rule of law since the country’s military overthrew the government.
The announcement came just a day after French energy giant TotalEnergies called for international sanctions targeting the oil and gas sector, which remain one of the military government’s primary sources of funding.
“The situation, in terms of human rights and more generally the rule of law, which has kept worsening in Myanmar since the coup of February 2021, has led us to reassess the situation and no longer allows TotalEnergies to make a sufficiently positive contribution in the country,” it said in a statement.
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