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Oil Giant Unocal Has Not Intention To Pull Out Of Burma - 2003-09-04


Oil giant Unocal says it has no plans to pull out of Burma, despite demands to do so by officials from the U.S. states of California and New York.

California State Treasurer Phil Angelides and New York State Comptroller Alan Havesi met with Unocal executives Tuesday and told them they had not justified the corporation's ties with Burma's government. They said Unocal should demonstrate that workers' rights were being respected in line with its code of conduct.

Unocal said Wednesday that it would conduct a cost-benefit analysis of staying in Burma, but had no intention of pulling out of the Yadana gas pipeline project.

Unocal has been dogged for years by human rights organizations that charge Burma's military used forced labor to construct the pipeline.

Information for this report is provided by AP.

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