UPDATE 1-Italy picks Intesa, Credit Agricole as structuring advisors for green issue
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Telecom Italia shares rally on improving outlook, tax boost
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Leonardo S p A : veut lever environ 2,1 milliards d euros avec l IPO de DRS
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Eni targets capex of 7 bln euros/yr to 2024 Shares rise 1.2% vs 0.5% European oil & gas index (Adds detail from conference call)
MILAN, Feb 19 (Reuters) - Italy’s Eni on Friday became the latest energy group to increase its climate ambition with a promise to be carbon neutral by 2050, as it seeks to keep pace in an industry under mounting investor pressure to curb emissions.
Eni shares, which rose more than 3% after the plan, were up 1.2% by 1615 GMT versus a 0.5% rise in European oil and gas index.
“We commit to the full decarbonisation of all our products and processes by 2050,” Chief Executive Claudio Descalzi said. “Our plan is concrete, detailed, economically sustainable and technologically proven.”