Funding gaps in the European Commission’s 2024-29 plan will require financial input from both the public and private sectors. The re-appointment of Ursula von der Leyen as President of the European Commission has reassured investors that a steady hand will remain on the wheel to steer the EU’s green transition, but funding-related concerns remain around the delivery of her five-year…
Companies, Investors Overlooking Major Financial Risks from Unmeasured Scope 3 Emissions: BCG, CDP Report
Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP. For the report, “Scope 3 Upstream: Big Challenges, Simple Remedies,” CDP and BCG analyzed responses to…
Eni in Talks to Sell Stake in Mobility Transformation Unit to KKR at up to $13.5 Billion Valuation
Italian energy company Eni announced today that it has signed an exclusivity agreement with alternative asset and private equity investor KKR to advance the potential sale of a 20% – 25% stake of Eni’s mobility transformation and biofuels-focused business, Enilive. The potential transaction would value Enilive at between €11.5 billion and €12.5 billion (USD$12.5 – $13.6 billion). Eni launched the…