The TotalEnergies logo is seen on a charging station in La Defense on the outskirts of Paris. The French company announced in Friday that it would pull out of Myanmar. (AFP Photo)
The exit of the energy giants TotalEnergies and Chevron from Myanmar’s billion-dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term.
Both firms had faced pressure to cut financial links with the junta that toppled Aung San Suu Kyi’s government last year and has since killed more than 1,400 people in a crackdown on dissent, according to a monitoring group.
The French company and the US oil major Chevron on Friday announced plans to withdraw from the Yadana gas field in the Andaman Sea, a major source of natural…
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