Norwegian pension fund's Council on Ethics revokes recommendation to exclude companies associated with human rights abuses during oil & gas pipeline construction in Myanmar

Get RSS feed of these results

All components of this story

Article
17 December 2013

Recommendations from 2011, 2012 and 2013 concerning the companies Posco, Daewoo International Corporation, Oil and Natural Gas Corporation Ltd (ONGC), GAIL India, Korea Gas Corporation (Kogas)

Author: Council on Ethics, Norwegian Government Pension Fund Global (Norway)

On 2 May 2011 the Council on Ethics recommended the exclusion of the Korean companies Daewoo International Corporation and Korea Gas Corporation, as well as the Indian companies Oil and Natural Gas Corporation Ltd. (ONGC) and GAIL India Ltd. (GAIL) from the Government Pension Fund Global. The companies participated in a joint venture with the Chinese state-owned company China National Petroleum Corporation (CNPC), which was responsible for the construction and operation of an 800 km overland gas pipeline across Myanmar. The Council found that the construction of the pipeline would entail an unacceptable risk of the companies contributing to serious and systematic human rights violations...On 13 September 2013, the Council on Ethics revoked the recommendation to exclude the companies from the Fund...As construction was completed in June 2013, the Council found that the situation had changed and that the basis for the earlier recommendations was no longer present.

Read the full post here

Company response
3 August 2013

Chinese National Petroleum Corporation (CNPC) response to reports on alleged human rights impacts of Shwe gas & Myanmar-China oil transport projects

Author: Chinese National Petroleum Corporation (CNPC)

[Unofficial translation of title and text from original Chinese provided by Business & Human Rights Resource Centre] …[T]he land acquisition and compensation work shall at all times be in accordance with the laws and regulations of Myanmar; land acquisition along the pipeline shall not take villagers' arable land, or take as little arable land as possible...in case certain villagers do not agree with the land acquisition, the pipeline shall bypass their land by changing its route; the principle of "compensate villagers first, and then use the land" is followed…Standard procedures are in place for calculation of compensation…The …pipeline project is a non-polluting ecological project, with no emissions, no discharge of polluted water or any other discharge of pollutants…EIA…was carried out by the Thailand-based company IEM…[T]he design and construction of the Myanmar-China pipeline and crude oil terminal project have adopted high international engineering standards, with a strict monitoring and prevention solution in place in their operations management…

Read the full post here

Download the full document here