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.
Scorpio Tankers Inc. is a global provider of marine transportation for petroleum products. Its entire business is dedicated to the seaborne transport of refined fossil fuels, including gasoline, diesel, jet fuel, and other crude oil derivatives. The company owns, leases, or finance-leases a fleet of over 100 product tankers, making it a central player in the downstream oil distribution network.
The company’s operations are directly tied to the consumption of fossil fuels. Its 2024 Annual Report identifies regulatory risks related to “the oil and natural gas industry” and “companies with fossil fuel-related assets.” While Scorpio Tankers is exploring efficiency technologies like fuel-saving devices and a pilot carbon capture project, these measures address the emissions intensity of the transport service, not the fossil fuel nature of the cargo itself. The company provides no stated plan to transition its fleet away from transporting petroleum products.
Scorpio Tankers: product tanker operator transporting refined petroleum products between refineries and distribution markets globally.
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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.
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