Italian Oil and Gas Company Will Plant Forests to Make Up for Polluting
- Company commits to net-zero direct upstream emissions by 2030
- New forests would capture 20 million tons of CO2 annualy
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Eni SpA committed to eliminating all carbon dioxide emissions from its oil and gas exploration and production operations by the end of the next decade, in part by planting forests on a large scale.
The Italian giant’s plan, which entails planting 20 million acres of forest in Africa, is the latest example of major oil companies bowing to pressure to do more to prevent runaway climate change. Its European peers Total SA and Royal Dutch Shell Plc have also set targets to reduce the carbon emitted from their own operations.