OVERSEAS SHIPHOLDING GROUP INC CLA
OSG
Energy
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Overseas Shipholding Group Inc. pleaded guilty to 33 felony counts related to deliberate vessel pollution across six U.S. ports, including Boston, Los Angeles, and San Francisco. In 2006, the company agreed to pay a record $37 million criminal penalty—the largest ever for deliberate vessel pollution at the time—for falsifying required Oil Record Books to conceal illegal overboard discharges.
The criminal conduct was systematic. OSG admitted to deliberately falsifying logs on multiple ships to hide pollution. In a separate 2007 proceeding, the company was fined an additional $27 million by a U.S. federal court for the same pattern of violations. These enforcement actions document a deliberate corporate practice of environmental deception and pollution.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.