Teekay Group Announces Availability of Annual Reports on Form 20-F for Year Ended December 31, 2019; and Publishes 2019 Sustainability Report

VANCOUVER, British Columbia, April 15, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced that their Annual Reports on Form 20-F for the fiscal year ended December 31, 2019 (Annual Report) have been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the “Investors” section under “Financials and Presentations” for each respective entity.

Shareholders and unitholders may also request a hard copy of the Annual Reports, which includes the Teekay Group’s complete 2019 audited financial statements, free of charge by contacting investor relations via e-mail at [e-mail] or by phone at [phone].

In addition, the Teekay Group has published its 2019 Sustainability Report, which can be accessed on the Teekay Group’s website by clicking here.

“In early 2020, the world has been facing the COVID-19 pandemic, which has impacted so many people around the world. As we respond to these uncertain times and work to protect against the spread of COVID-19, it is our collective responsibility to maintain as our highest priority the health and well-being of our employees, our families, and our communities,” commented Kenneth Hvid, Teekay’s President and CEO. “As we are an integral part of the world’s energy supply chain, our services continue to be required and we remain focused on keeping our employees at sea and onshore safe by following all government guidelines provided in the countries where our staff live and work.”

“At the same time, as a leading oil and gas transportation company, Teekay cannot separate ourselves from the longer-term challenges that the world is facing. We have built our company on a deep commitment to responsible safety and environmental practices,” continued Mr. Hvid. “Over the past decade, we have worked with industry to pioneer and invest in increasingly more energy efficient vessels. For instance, our latest LNG carrier newbuildings produce about 50% less CO2 emissions per cubic meter of LNG transported. As our industry has set itself the challenge of progressively becoming carbon neutral by 2050, we have an enormous task ahead of us. We are embarking on new industry partnerships to drive necessary technological developments and, we will in 2020, reassess our reporting framework so that we have the best possible foundation for the important work ahead of us.”