Teekay preps ‘green bond’ to fund new oil tanker fleet

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Teekay preps ‘green bond’ to fund new oil tanker fleet

OMV Oil Tanker

Teekay Shuttle Tankers has mandated a $150m “green bond” to fund new oil tankers built to the firm’s “e-shuttle” standards. The deal raises questions about the logic of using green-branded debt instruments to fund fossil fuel extraction.

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