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Teekay sets new standards in energy efficiency

2012 Sustainability Report shows 13% GHG decrease Founded in 1973, Teekay is one of the world's largest marine energy transportation, storage and production companies. Sustainability is central to Teekay values and means ensuring success in all aspects of business. In addition to financial metrics, performance is evaluated according to the health and success of employees, and impact on the environment.Environmental management systems are certified to the international ISO 14001 standard, and Teekay invests significant resources in lowering emissions and optimizing energy efficiency.Greenhouse Gas ManagementDue to concern over the risk of climate change, a number of countries have adopted, or are considering the adoption of, regulatory frameworks to reduce greenhouse gas (GHG) emissions. These measures include, among others, adoption of cap and trade regimes, carbon taxes, increased efficiency standards, and incentives or mandates for renewable energy. Teekay recognizes this trend and is acting accordingly to stay current with these developments.In 2012, the greenhouse gases created from company's global operations decreased from 5,178,226 metric tonnes in 2011 to 4,498,030 metric tonnes. This decrease is mostly due to lower fuel consumption in the conventional fleet. Ongoing slow steaming, the usage of favorable ocean currents, and the installation of Propeller Boss Cap Fins in ...

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