Home World “We must find new cost-effective solutions to reduce greenhouse gas emissions and...

“We must find new cost-effective solutions to reduce greenhouse gas emissions and address climate change” says Kenneth Hvid, Teekay’s President and CEO

Kenneth Hvid, Teekay’s President and CEO

Teekay announced the publication of their 2020 Sustainability Report, which can be accessed on the Teekay Group’s website by clicking here.

“There is broad recognition in the maritime industry that to remain relevant, we must find new cost-effective solutions to reduce greenhouse gas emissions and address climate change while we continue to serve the world’s growing transportation needs,” commented Kenneth Hvid, Teekay’s President and CEO. “We are committed to this challenge and, since 2008, we have significantly reduced the emissions intensity of our fleets and are committed to work with all industry stakeholders to evolve and invest in new technologies and new transportation requirements that will arise out of the global energy transition.”

“Teekay has a track record of servicing the needs of an evolving global energy mix, and we believe that global demand for clean-burning natural gas will continue to grow,” commented Mark Kremin, President and CEO of Teekay Gas Group Ltd.

“As the industry evolves, one thing that will not change is the importance and dedication of everyone who works at sea,” commented Kevin Mackay, Teekay Tankers’ President and CEO. “The pandemic unfortunately highlighted the lack of understanding and appreciation for what seafarers around the world contend with as part of their daily job. While this is a challenge across the industry, it also emphasizes one of Teekay Tankers’ strengths in caring for our seafarers. This past year, we implemented new measures to support crew safety and welfare and will continue to support initiatives to recognize seafarers as key and essential workers by all governments.”

“Sustainability has long been a core value at Teekay, and we believe our culture, values, and policies create a strong foundation for the work that lies ahead,” commented Mr. Hvid.