Teekay LNG is the only company in the lowest quartile of Michael Webber’s ESG Scorecard to have fallen there after being in the third quartile last year.
It dropped five spots, to 42nd of 52 companies, from 37 last year.
The quick assumption might be that Webber dropped Teekay LNG over a May transaction with parent Teekay Corp that raised governance concerns and drew heavy criticism from the analyst.
