Eni Sees Low-Carbon Business Profits Equaling Oil and Gas Profits by 2035 ...Middle East

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Eni Sees Low-Carbon Business Profits Equaling Oil and Gas Profits by 2035
source : OILPRICE ( Middle East ) () 82
Eni’s profits from alternative energy business operations should reach the same level as oil and gas profits by 2030, continuing to grow further to exceed oil and gas income by 2040. That’s according to chief executive Claudio Descalzi, who seems to be going in a different direction from the rest of the Big Oil leadership. “By 2035, the [operating profit] created by our new companies will balance what is coming from oil and gas, in 2040 it will be more [than oil and gas],” Descalzi told the Financial Times in an interview…

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