Category: Tax
As investors ramp up their Myanmar engagement efforts, RI can reveal details about stewardship initiatives focusing on oil and gas companies As investors ramp up their Myanmar engagement efforts, RI can reveal details about stewardship initiatives focusing… As investors ramp up their Myanmar engagement efforts, RI can reveal details about stewardship initiatives focusing on oil and gas companies
Companies in the energy sector have been at the centre of investor attention over their activities in Myanmar, with engagement set to ramp up this year, RI understands.
In February last year, the nation was subject to a violent coup led by its military, which resulted in democratic institutions and processes being shut down, media outlets closed, elected political leaders arrested, pro-democracy protests suppressed, and civilians killed. The junta’s actions have been met with international outcry, with sanctions being implemented by foreign governments.
It has also triggered a raft of investor action, including engaging with companies operating in the country, as well as some divestments.
Energy and oil and gas majors have found themselves under the microscope of responsible investors since engagements kicked off on the situation in Myanmar, and RI understands major efforts are ongoing and could ramp up this year with companies includ…