NEWS COMMENTARY

Eni joins the decarbonization race after announcing plans to reduce GHG emissions by 80% by 2050

Published:
March 03, 2020
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Eni has released its long-term plans to reduce its GHG emissions by 80% by 2050 following similar announcements from Repsol, Equinor, and BP in recent months. While Eni's strategy does involve renewables and alternative fuels, the Italian supermajor will focus on natural gas as a major driver of the energy transition, with plans to grow its gas portfolio to make up 85% of production by 2050. As these European majors set the stage for the industry, clients can expect to see players across the supply chain start to roll out decarbonization strategies and prepare for a future that is less dependent on fossil fuels. We are already beginning to see signs of this with recent commitments from Cenovus and Schlumberger.

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