According to Eni, this step represents another example of the development of its satellite model strategy, aiming at attracting strategically aligned capital from valuable new partners at attractive terms, confirming the value in its energy transition-related businesses and funding further growth.
The energy transition is slow. In 2021, on average 82% of global primary energy came from fossil fuels (coal, oil and natural gas) (BP 2022).
A new briefing launched today at COP27 in Sharm-el-Sheikh by Oil Change International reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively cause 70 billion tonnes (Gt) of new carbon pollution if fully developed. That is equivalent to: