Teekay Shuttle Tankers’ sale of “green bonds” that raised $125m towards four new low-emission vessels for the Norwegian North Sea was understandably hailed as a success by the company, despite some investor reluctance.
As chief financial officer Jan Rune Steinsland told my colleague Joe Brady last week: “We were completely pleased with the outcome.”
But try telling Greta Thunberg or supporters of Extinction Rebellion that finance for ships to carry crude oil could be called green.
