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Eni to Focus on Saving Africa Forests to Offset Carbon Emissions

May 3, 2019, 1:30 PM

Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation.

The project is part of the Italian energy giant’s goal of removing the equivalent of 20 million tons a year of carbon dioxide from the atmosphere by 2030. On top of efforts to improve operational efficiency and minimize waste, the forest initiative would result in net zero emissions from its upstream fossil fuels business, Eni says.

The company has clarified its plans after the initial announcement in March appeared to involve planting 20 million acres of new forests, ...