Coast Capital has called on Total Energies, a French multinational integrated oil and gas company of which Coast Capital is a shareholder, to immediately discontinue its partnership with the Myanmar Oil and Gas Enterprise (MOGE), which is directly financing the current military dictatorship’s ongoing acts of crimes against humanity, according to BusinessWire.

In a statement released on 20 December, Coast Capital, a New York based institutional investor with an interest in the energy giant, called for Total to pull out from Myanmar.

“Coast Capital believes it is clear that Total Energies is indirectly helping finance crimes against humanity in Myanmar, and asks that the company play a moral leadership role which it is singularly well-placed to do and cease operations in Myanmar,” said Coast Capital in a press release.

The company says several countries, including Canada, the UK, the European Union member states, as well as the United States have imposed targeted economic sanctions against junta leaders and companies owned or controlled by the Tatmadaw. However, foreign governments have yet to impose sanctions on entities that drive most of the funding for the junta, most notably MOGE.

Coast Capital believes it is clear that Total Energies is indirectly helping finance crimes against humanity in Myanmar, and asks that the company play a moral leadership role which it is singularly well-placed to do and cease operations in Myanmar, the statement says.