Chevron under pressure to pull out
Chevron is coming under pressure to disinvest from Burma. For the full story see the San Francisco Cronicle’s website
Thailand is by far the largest buyer of Burma’s exports (principally gas). Chevron is involved in the Yanado project via its subsidiary Unocal which owns 28%.
The investors in the Yanado project, are Unocal, France’s Total, the Myanmar Oil and Gas Enterprise and the Petroleum Authority of Thailand.
Burma’s principal supplier is China followed by Thailand and Singapore.
October 10th, 2007 at 12:10 pm
someone posted this on the Facebook support website, and has asked PACT for details about the financial arrangements, etc. Chevron may well be helping local minorities, but at what cost?
October 10th, 2007 at 2:15 pm
See Lee Kuan Yew: Burma generals rather dumb – the military regime seems economically inept – poor policies plus corruption means that the people do not benefit from the exploiting of the natural resource.
November 13th, 2009 at 3:09 pm
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December 1st, 2009 at 1:16 pm
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