US: US lawmakers plan squeeze on Chevron in Myanmar

[babylonsister]

US: US lawmakers plan squeeze on Chevron in Myanmar

AFP
October 24th, 2007

Proposed sanctions introduced in the US House of Representatives would pressure US energy giant Chevron to pull its investment from Myanmar, which rights activists say is helping prop up the ruling military junta.

Under the strategy, similar to one used against US companies during the anti-apartheid campaign in South Africa, the legislation introduced Thursday would end tax write-offs enjoyed by Chevron on revenues earned from its natural gas project in Myanmar.

Chevron will also be barred from making any payments to the junta from its joint venture with French oil giant Total, Thailand's PTT Exploration and Production, and Myanmar?s Myanma Oil and Gas Enterprise operating the lucrative Yadana gas fields, congressional aides said.

The sanctions were introduced as part of a package of new US measures aimed at punishing the military regime for its recent crackdown on pro-democracy protests led by Buddhist monks that left at least 13 people dead and 3,000 detained.

more...

http://www.corpwatch.org/article.php?id=14771

[tanyev]

1. Condi's Chevron is helping prop up the military junta?

Imagine that. So when can we expect a strongly worded message from Laura Bush denouncing Chevron? Hmmm?

[lynnertic]

2. why does chevron get tax breaks for working with myanmar

in the first place?

[Kajsa]

3. It's about time!

Maybe this will put pressure on the thugs ruling Burma!