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4 Min Read MILAN (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. FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy August 16, 2018. REUTERS/Max Rossi/File Photo 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.”

David evansEdmund blairMario draghiStefano bernabeiClaudio descalziThomson reuters trust principlesRoyal dutch shellEuropean oil gas sectorExecutive claudio descalziItalian prime minister mario draghiDutch shellEuropean oilGas sectorThomson reuters trustClimate changeCompany news