Finance
Capitalists’ Biggest Fear Is an ‘Inevitable Policy Response’
As the impacts of climate change become inescapable, governments will be forced to take drastic action.
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The Italian oil company Eni SpA will set a goal of reaching net-zero emissions in its European operations by 2050, Chief Executive Officer Claudio Descalzi told Bloomberg in an interview. In doing so, Eni will become the fifth oil major to have made a similar pledge within the past year. (Repsol SA, BP Plc, Royal Dutch Shell Plc and Total SA got there first.)