Eni (E) Explores Oil and Gas Spin-offs for Green Investments

Eni SpA (E) , a leading Italian energy company, is pioneering a unique strategy that involves spinning off stakes in promising oil and gas projects to fuel their development while redirecting focus and capital toward low-carbon initiatives, per a Reuters report. This innovative approach, spearheaded by CEO Claudio Descalzi, marks a significant shift in the company's trajectory toward a more sustainable future.Eni's strategy revolves around the concept of creating separate entities, or satellites, to attract ...