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.
Teekay LNG Partners L.P. (now Seapeak LLC) is an owner and operator of liquefied natural gas (LNG) carriers. The company provides marine transportation services for LNG under long-term, fixed-rate charter contracts to major energy companies. Its fleet is a core piece of infrastructure for the global LNG supply chain, moving fossil fuels from production and liquefaction facilities to markets worldwide. This business model is classified as providing ancillary services to fossil fuel operators, as the company does not extract or refine fuels but enables their transport and trade.
The company's operations are central to the fossil fuel industry. Its services are contracted to major energy companies, and its revenue is directly tied to the volume of LNG transported. In December 2024, the Pareto SICAV fund explicitly flagged Teekay LNG Partners LP as "exposed to fossil fuel" under relevant financial regulations. The company provides no indication of a strategic transition away from fossil fuel logistics.
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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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