Eni CFO on climate change conundrum

Jan 08, 2021 - Financial Director

When Francesco Gattei was made CFO of Italian energy giant Eni in August it could not have come at a more challenging moment. The falling oil price had forced billions of dollars of write-downs as the industry faced a fossil fuel backlash in response to climate change concerns.

But at the same time, Gattei and the rest of the Eni leadership team needed to find a way of operating despite coronavirus ripping through many of the 60-plus countries the ‘Supermajor’ operates in.

The im...