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Eni to announce 'epochal' targets on carbon neutral goal

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Eni to announce 'epochal' targets on carbon neutral goal

Eni to announce 'epochal' targets on carbon neutral goal
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MILAN (Reuters) - Eni <ENI.MI> will announce binding targets by year end on a goal of becoming carbon neutral, the group's CEO Claudio Descalzi said on Monday.

Speaking on the sidelines of a conference Descalzi said the announcement would be "epochal".

"A new and strategic cycle has begun for Eni, which from being an oil company has become an energy company and is now betting on the circular economy to become carbon neutral," he said.

(Reporting by Andrea Mandala, writing by Stephen Jewkes)

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