Money
The energy giant slashing cash to MYANMAR
French energy giant Total is cutting cashflow to Myanmar Junta.
As reported by the Australian, announcing their set to withhold tens of millions of dollars in cash dividend payments from a very profitable gas pipeline company….
This pipeline company is part owned by the military controlled Myanmar oil and gas enterprise.
This move is expected to cost the junta about $55million a year.
The reasoning is because of the unstable context in Myanmar, saying they condemns the violence and human rights abuses in Myanmar.
Total is one of several foreign energy companies in Myanmar facing pressure from activists to starve the junta of funds.