Why This Oil “Supermajor” Is Committed to the Energy Transition

Jan 08, 2023 240

BY: Karrie Gordon

Italian oil supermajor Ente Nazionale Idrocarburi, otherwise known as Eni SpA, has committed to the net-zero energy transition by 2050, having recognized the need to change its practices in order to continue to operate a successful business model. It’s just one of many major industry players making the transition to carbon neutrality as the whole world pivots to reduce emissions and combat climate change.

Eni adheres to both the Paris Agreement goalpost of net-zero emissions by 2050 as well as the 17 United Nations Sustainable Development Goals. By transitioning to carbon neutrality, the oil supermajor (one of the top seven publicly traded oil companies globally) seeks to create increased stakeholder value while also creating a “just transition” that is inclusive of workers, communities, and customers.

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SOURCE: https://www.etftrends.com

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