Revenues from Myanmar’s offshore gas projects are the military junta’s largest source of foreign revenue — they fund its atrocities. Every month, Big Oil including TotalEnergies, Chevron Corporation, and Posco International order or facilitate the transfer of millions of U.S. dollars of payments for gas revenues from their offshore projects.
Contractually, Big Oil is supposed to make these payments to the Government of Myanmar, but Myanmar does not have a recognized government. Instead, the revenues are received by an illegal, criminal junta that has taken control of government bank accounts and is actively misappropriating state assets.
Our latest fact sheet details how Big Oil’s public messaging shows that it has acknowledged the risk of being associated with the junta’s crimes, but has justified complicity.