Myanmar: Investors Should Act to Halt Funds to Junta

(New York, November 19, 2021) – Payments by energy and extractive companies to entities under the control of the Myanmar military are providing key funds to sustain the junta and pose serious legal, financial, and reputational risks to investors in those companies, Human Rights Watch said today.In October, Human Rights Watch wrote to several dozen investment firms that own shares in companies that operate in joint partnership with entities under the control of the junta installed by Myanmar’s military, which seized control in a February coup, engaged in a brutal crackdown against protestors, and is implicated in multiple crimes against humanity, killings, torture, and war crimes. Joint projects involving natural gas generate over a billion dollars in foreign revenue for the junta annually, transmitted in US dollars to the junta’s bank accounts in foreign countries.