Australian oil and gas giant Woodside Energy is facing rising pressure to rule out working in Myanmar until democracy is restored following a military coup that seized power from Aung San Suu Kyi’s civilian government.
The $24 billion ASX-listed company said on Saturday that it would pull its offshore drilling teams out of the south-east Asian country and had put all business decisions there “under review” until “political stability has improved”.
Woodside has one of the largest offshore petroleum holdings in Myanmar and had been targeted by human rights groups after the military junta seized control on February 1, arresting Ms Suu Kyi and launching a violent crackdown on protesters.
Australasian Centre for Corporate Responsibility director Dan Gocher said that while Woodside’s “review” was a welcome move, the company had left the door open to working under the military junta in the future.
“They should commit to not proceeding any further until democracy is restored – at the moment it’s a bit of fence-sitting,” Mr Gocher said.
The original full article can be found at smh.com.au