"CHEVRON WITHDRAWS FROM MYANMAR, BUT PAYOUTS TO JUNTA WILL CONTINUE", 9 April 2024

The American fossil fuel company Chevron has exited from the controversial Yadana gas project in Myanmar after more than 30 years, during which it financed a brutal military dictatorship, an ongoing military coup attempt that began in 2021, and serious human rights abuses against the Myanmar people.

Kirk Herbertson, Senior Policy Advisor at EarthRights, released the following statement:

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“The chief executive officer of the Thai state-owned fossil fuel company PTT Exploration and Production Company (PTTEP), announced Chevron’s exit in a letter to the Thai stock exchange. Justice for Myanmar, an investigative research group, reported on Facebook that ‘Chevron’s interest in the Yadana gas project has been redistributed to the remaining shareholders: Thailand’s PTTEP and MOGE, a government department within the Ministry of Electricity and Energy and a revenue-collecting office for the Government of Myanmar. MOGE’s accounts were unlawfully seized by the junta during its 2021 attempted coup.’

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