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Política Internacional / 04/06/2021

WORLD NEWS

Megacorporations condemn coup in Myanmar and suspend government payments

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Megacorporations condemn coup in Myanmar and suspend government payments


Chevron and Total cut part of the budget paid for transporting natural gas, the government's biggest source of income

Two mega energy corporations, Chevron and Total, decided to suspend part of the financial transfers they were making to the Myanmar government. The information is the international NGO Human Rights Watch.

The decision by the two companies, which has been in effect since early April, is a response to the violent political repression of the junta that took power in February. On that occasion, the military carried out a coup d'état and arrested counselor Aung San Suu Kyi, winner of the Nobel Peace Prize in 1991, and President Win Myint.

Natural gas is the main source of foreign income for the junta, with revenues reaching US$ 1 billion (approximately R$ 5.2 billion) per year. But the participation of the two companies in the process is small, and the impact is not yet expected to be seriously felt by the military.

“The decision by Chevron and Total is a step in the right direction, but it affects less than 5% of the natural gas billing that the company receives,” said John Sifton, Human Rights Watch.

partners

The military controls MOGE (Minmar Gas and Oil Company), which is part of Moattama, a natural gas transportation company. Chevron and Total, in turn, hold the majority of Moattama's shares, totaling together 59.5%.

The problem is that the cut in payment announced by the pair corresponds to only 15% of what Moattama pays the government of Myanmar. For example, the millions of dollars that the board receives in fees and taxes do not appear on the account.

“To make a real impact, governments and businesses must dig deeper to prevent the board receiving money or accessing their bank accounts,” Sifton said. "But the decision shows that at least two companies recognize the damage to the image caused by financing the government of Myanmar."


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