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UPDATE 5-Italy's Eni vows to become carbon neutral by 2050 in latest green push


Eni targets capex of 7 bln euros/yr to 2024
Shares rise 1.2% vs 0.5% European oil & gas index (Adds detail from conference call)
MILAN, Feb 19 (Reuters) - Italy’s Eni on Friday became the latest energy group to increase its climate ambition with a promise to be carbon neutral by 2050, as it seeks to keep pace in an industry under mounting investor pressure to curb emissions.
Eni shares, which rose more than 3% after the plan, were up 1.2% by 1615 GMT versus a 0.5% rise in European oil and gas index.
“We commit to the full decarbonisation of all our products and processes by 2050,” Chief Executive Claudio Descalzi said. “Our plan is concrete, detailed, economically sustainable and technologically proven.” ....

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Global companies raise massive cash through convertible bonds at start of 2021


3 Min Read
(Reuters) - Global companies are raising vast amounts of money through convertible bonds this year, as soaring stock markets lift demand for these bonds which give investors the option to change into equity shares at a later date.
FILE PHOTO: A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato
Refinitiv data showed that companies have issued $19.7 billion worth of convertible bonds in the first seven weeks of 2021, the biggest in three years for comparable periods. ....

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