Total has come under pressure from pro-democracy activists to"stop financing the junta" in Myanmar.PARIS - French energy giant Total pulled adverts from Le Monde after it reported that the company was paying gas revenues to Myanmar's military through a tax haven, the newspaper said.
Total told Le Monde it does not know the"exact reasons" for incorporating MGTC in Bermuda three decades ago, adding that the company"no longer incorporates any new subsidiaries in tax havens".But the result of the scheme"is that the colossal profits of the gas operations do not pass through the coffers of the Myanmar state, but are massively recuperated by a company totally controlled by the military," Le Monde concluded.
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