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Capital Flows, Energy, Sector Focus

IEEFA slams Eni for ‘carbon bomb’ gas field plan following sustainability-linked bond issuance

By Alex Janiaud

May 10, 2023
An Eni refinery in Italy. The oil and gas company denies its sustainability-linked retail bond ‘is linked to financing specific gas projects, [including] Verus’. (Photo: Miguel Medina/AFP via Getty Images)

Think-tank says the deal to develop a major gas field in Australia contradicts the Italian energy giant’s carbon reduction pledges. Italian energy company Eni’s plans to develop a gas field in Australia are inconsistent with climate pledges made to the retail investors who invested in its first sustainability-linked bond, said ...

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