For a sector that is frequently chided for merely trying to burnish its green credentials, it appears some players are willing to put their money where their mouths are–by going for a ‘clean energy overkill’. In February, Italian multinational oil and gas company ENI shocked the world when it unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. Eni has now set out a plan to lower its greenhouse gas emissions by 80% by 2050. Sounds good enough, but not exactly earth-shattering. What’s so different about ENI’s new plan that has the environmentalists swooning? After all, last year, the $40 billion oil giant unveiled what–on face value–appears to be an even more impressive target to cut its net carbon emissions to zero by 2030. This time, we’re getting a bit more realistic. And in this case, it takes more oil to reduce […]