• Eni investing 7 billion euros in Italy over 4 years

    1 month ago - By Chron

    MILAN - Eni CEO Claudio Descalzi says that the oil giant will invest 7 billion euros in activities in its home country of Italy over the next four years.
    Descalzi told investors Wednesday that the investments will include 1 billion euros into efforts to reduce its carbon footprint. That includes converting decommissioned terrain belonging to Eni totaling some 3 million hectares, mostly in southern Italy, to solar energy fields.
    The CEO also underlined Eni's conversion of refineries in Venice and Gela into "green refineries" transforming waste into biodiesel, with a target of 1 million tons...
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