The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
Energy companies TotalEnergies and Chevron are abandoning a gas project in Myanmar not due to existing sanctions on Myanmar’s military government and entities linked to it, but voluntarily out of concern that state-owned Myanma Oil and Gas Enterprise (MOGE) and Myanmar’s government are benefitting financially from the multinationals’ involvement in the project. According to Reuters, TotalEnergies had petitioned French authorities to impose targeted sanctions to prevent payments from flowing to MOGE.
