Boycott and Divest
Shwe Consortium Divestment Campaign
As part of the March 1st 2012 Global Day of Action against the Shwe Gas and Burma-China Pipeline Project the Shwe Gas Movement will cooperate with allies around the world to put divestment pressure on Pension Funds and institutional investors with holdings in Shwe Consortium companies.
The Shwe Consortium companies are:
- China National Petroleum Company and it’s subsidiary PetroChina [China]
- Daewoo International and its parent firm POSCO [South Korea]
- Korea Gas Corporation (KOGAS) [South Korea]
- Gas Authority of India Limited (GAIL) [India]
- Oil and Natural Gas Corporation Videsh (ONCG-Videsh) [India]
- China Communications Construction Co Ltd [China]
- Hyundai Heavy Industries [South Korea]
Examples of pension fund holdings in Shwe Consortium Companies are:
| Canada
As of March 31, 2011 Canadian Pension Plan Investment Board Shwe Consortium holdings include:
Local partner: Canadian Friends of Burma
Download printable pamphlet on the Shwe Gas Project and CPPIB investments in Shwe Consortium Companies
|
|
South Korea As of 18 October 2010 National Pension Service Shwe Consortium holdings include:
Local partner: Download sample letter to National Pension Service
|
|
Netherlands As of 30 June 2011 ABP Shwe Consortium holdings include:
Local partner:
|
|
New Zealand As 30 June 2011 of New Zealand Super Annuation Fund Shwe Consortium holdings include:
Local partner: Burma Campaign New Zealand Download sample letter to the NZ Super Annuation Fund
|
|
Norway As of 31 December 2010 Government Pension Fund Global Shwe Consortium holdings include:
Local partner: Norwegian Burma Committee
|
|
Sweden
Local partner: Swedish Burma Committee
|
Citizens of these countries are encouraged to write letters to their national pension funds as well as their local political representatives to express their concerns about the funds’ investments in the companies implementing the Shwe Gas Project. There have already been a number of human rights impacts, and serious concerns remain about future human rights abuses related to the Shwe Gas and Pipeline project. Abuses documented thus far include:
- Land confiscation, forced eviction and forced relocation.
- Disruption of local livelihoods e.g. restricted access to fishing grounds, and destruction of crops and rice paddy.
- Forced labour on project infrastructure and “security” infrastructure.
- Lack of freedom of expression and association to publically advocate in opposition to the project; local people who have spoken-out have suffered imprisonment and physical abuse.
