Eni aims to reach almost zero methane emissions by 2030
Reuters
Published Mar 20, 2024 13:57
MILAN (Reuters) - Italian energy group Eni aims to reduce its methane emissions to almost zero by 2030, as part of an effort by a group of twelve oil and gas companies to limit the release of the gas into the atmosphere.
Methane is the second-biggest cause of climate change after carbon dioxide and in the short term has a far higher warming effect, despite having a much shorter lifespan in the world's atmosphere than other gases.
Eni has more than halved its methane emissions compared with 2018 levels and will almost eliminate them by the end of the decade, its CEO Claudio Descalzi said at an event late on Tuesday.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.