Broken Ethics:The Norwegian Government?s Investments in Oil and Gas Companies Operating in Burma (Myanmar)

Description: 

"The Norwegian government has been accused of complicity in illegal land seizures, forced labour and killings, by investing national funds in international companies that operate inside Burma on projects where widespread abuses are alleged to have taken place. A state-controlled pension fund that is a repository for some of Norway?s own oil wealth has invested up to $4.7bn in 15 oil and gas companies operating inside the South-east Asian country. The companies are accused of participating in projects where various human rights violations have taken place. Activists claim the pension fund is in breach of its own guidelines for responsible investment. The allegations come just days after Norway hosted the Nobel Peace Prize ceremony. Land confiscation, forced labour and other abuses are happening in connection with several gas and oil pipeline projects in Burma, according to Naing Htoo of EarthRights International, which is today publishing a report detailing the alleged abuses being committed by the Burmese government. "There?s every indication abuses connected to these projects will continue, and, in some cases, worsen," he said. A number of those companies in which the Norwegian fund has investments have previously been accused in relation to controversial projects in Burma which has been controlled by a military junta since 1962. Among them are Total Oil of France, in which the Norwegian fund has an investment of $2.6bn, and the US-based Chevron Corp, in which the fund has $900m invested. EarthRights International insists that widespread violations continue to be committed by the Burmese army in support of many oil and gas projects that earn the regime millions of dollars. The group says that troops providing security for the Yadana and Yetagun pipelines have carried out extra-judicial killings..." ["The Independent"]

Creator/author: 

Matthew Smith, Naing Htoo, Zaw Zaw, Shauna Curphey, Paul Donowitz, Brad Weikel, Ross Dana Flynn, and Anonymous Field Teams

Source/publisher: 

EarthRights International

Date of Publication: 

2010-12-15

Date of entry: 

2010-12-15

Grouping: 

  • Individual Documents

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Language: 

English

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