That’s how much money a gas project run by French and American companies could have given to the military by the first anniversary of the military coup, which took place on February 1st 2021.
US President Biden and French President Macron are refusing to act to stop American and French companies funding the Burmese military and the human rights violations they commit.
Macron has veto power over EU sanctions to stop gas revenue reaching the military. Unless he agrees, the EU can’t act.
American oil giant Chevron, and French oil giant Total, are part of a consortium of companies operating the Yadana gas field in Burma. Before the surge in global gas prices in the past year, the project was estimated to earn the military around $400 million dollars annually. Chevron and Total are too embarrassed to reveal exactly how much the project is earning the military now.
