Myanmar energy ties are flying under the ESG radar

YANGON (Bloomberg): Posco International Corp is one of the last foreign companies with a significant stake in Myanmar’s oil and gas sector, despite the industry’s ties to a military regime that has been widely condemned for violations of human rights.

The South Korean company also remains a holding in nearly a dozen ESG-focused funds, including those run by BlackRock Inc., State Street Corp. and Samsung Asset Management Co., according to Bloomberg data on the latest available filings.