McCain Wants Continued Sanctions On Burma's Energy Sector

Law360, New York (June 15, 2012, 5:09 PM EDT) -- Burma's state-owned energy investment company is too corrupted to justify foreign investment in the country's energy sector on the heels of the U.S. government's recent decision to lift sanctions on the nation, Sen. John McCain, R-Ariz., said Thursday.

The Myanmar Oil and Gas Enterprise, the nation's government-controlled entity through which foreign investment in the country's energy sector runs, lacks the necessary transparency and independence from the government's military interests for foreign parties to consider investing in the country's fossil fuels operations, McCain said, echoing comments made...
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