The Democracy for Burma Action Group in Perth has launched a new campaign targeting Western Australian oil and gas exploration company, Twinza Ltd.
Twinza Oil Ltd was registered in Australia on October 27 2004 as a vehicle for developing oil and gas exploration in Burma. In November 2006 Twinza Oil signed a deal with the Burmese regime to conduct exploration and development, and now has exploration rights over the offshore Yetagun East Block in the south of Burma.
Australian companies: Investing in repression
While the US, Canada and European Union have levied strong sanctions against investing in Burma on the basis of the large-scale human rights violations by the Burmese military junta, Australia still allows companies to invest. This is despite requests from much of the pro-democracy movement, and Burmese pro-democracy leader Daw Aung San Suu Kyi to ban such activities.
Foreign investment in Burma provides international investors access to the country’s substantial resources, particularly in oil and gas. This foreign investment provides a significant source of financial and political support to the junta, with billions in dollars of revenues guaranteed to the regime.