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Features |
ERI Releases Most Comprehensive Survey
on Chinese Multinational Corporate Investment in Burma
September
29, 2008, Chiang Mai, Thailand and Washington, D.C. – A survey released by EarthRights
International reveals an increase in the number of Chinese multinational
corporations (MNCs) involved in hydropower, oil and natural gas, and mining
projects in Burma (Myanmar). The report, China in Burma (Myanmar): The
Increasing Involvement of Chinese Multinational Corporations in Burma’s
Hydropower, Oil and Natural Gas, and Mining Sectors, is the most
comprehensive survey on Chinese investment in Burma to date and identifies 69 Chinese
MNC’S involved in 90 completed, current and planned projects in the hydropower
and extractive sectors in Burma. Previous ERI research collected between May
and August 2007 identified only 26 Chinese MNCs involved in 62 projects. This
research, conducted over the last year, draws upon government statements,
English and Chinese language news reports, and company press releases.
Click here to read the full press release.
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On July 28, 2003, President Bush signed the Burmese Freedom and Democracy Act of 2003. That law states that "no article may be imported into the United States that is produced, mined, manufactured, grown, or assembled in Burma." This means that no teak may be legally imported into the United States directly from Burma, and that the companies listed on these webpages, including Kingsley-Bate, East Teak Trading Company, and Country Casual will have stopped importing teak from Burma, in order to comply with the law.
With human rights scandals tainting the operations of extractive resource operations around the world, seven major oil and mining companies recently signed a code of conduct pledging that their security operations will meet minimal human rights standards. A number of governments, human rights and media organizations were quick to praise the initiative as an "important step." But before we applaud too vigorously, we should evaluate whether voluntary codes such as this one are truly a step in the right direction. |
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