Posco operating gas project with Myanmar’s ‘murderous regime,’ Hunterbrook says

Other OECD energy companies left Myanmar after the 2021 coup, but Posco “not only stayed but invested hundreds of millions of dollars to expand the Shwe gas project,” despite “claiming to follow OECD and other standards on human rights,” said Hunterbrook Media, which aims to “bring visibility to under-covered regions and accountability to under-scrutinized sectors.” A growing amount of gas appears set to imminently flow to junta steel mills “linked to arms manufacturing,” while electricity shortages have worsened since the coup, reported Hunterbrook’s Jenny Ahn, Daniel Sherwood and Blake Spendley. Hunterbrook Media’s investment affiliate, Hunterbrook Capital, did not take any positions related to this article, the report noted.