Accusations of 'climate hell' amid profits of 8.2 billion for Eni

CEO of Eni, Claudio Descalzi

 ROME - Eni, Italy’s leading energy company, announced profits of 8.2 billion euros on Friday, in a statement by Claudio Descalzi, the CEO.

 This drew criticism from Greenpeace Italy, who said “Eni continues to invest mainly fossil fuels, disregarding the need to transition to renewables.” They accused Eni of exploiting fossil fuels to create a “climate hell that results in deaths and unbearable social and economic costs.”

 The Italian company begun drilling a second oil well off the coast of Cyprus on Thursday. They also have projects across Africa, Asia, and the Americas, drilling in places such as Mozambique, Kazakhstan, and Mexico.

 Eni was taken to court by Greenpeace Italy, ReCommon and 12 Italians over their worsening of the climate crisis and failure to comply with the Paris Agreement.

 Greenpeace and ReCommon found a report from 1978 by Eni’s Tecneco company that accurately predicted the rise of CO2 atmospheric levels by 2000. The report stated the increase “could change the thermal balance of the atmosphere leading to climate changes with serious consequences for the biosphere.”  

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