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View Diary: Boycott Chevron to Support the Monks in Burma (16 comments)

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  •  Beware of the law of unintended consequences.... (0+ / 0-)

    From the SF Chron:

    Frank Verrastro, head of the energy program at the Center for Strategic & International Studies think tank, said Burmese law also would force Chevron to fork over much of the company's capital gains on the project if it sold its stake. That could amount to hundreds of millions of dollars, depending on the sale price. The project cost roughly $1 billion to build in the mid-1990s and is doubtless worth far more today.

    "That goes straight to the Burmese government," Verrastro said. "The biggest conundrum right now is how to deal with bad actors who have a resource that the world needs. And we haven't come to grips with that in any way, shape or form."

    So let's all give the Burmese government a present of hundreds of millions of US$ in hard currency?

    Ouchy.

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