Italy’s oil major Eni will announce by the end of this year binding commitments to become carbon neutral, its chief executive Claudio Descalzi said on Monday, in what would be the first pledge by a major oil company to commit to a net zero carbon footprint. Eni’s “epochal” announcement and the timing of achieving the carbon-neutral goal will be made later this year, Descalzi said on the sidelines of a conference. “A new and strategic cycle has begun for Eni; from being an oil company it has become an energy company and is now betting on the circular economy to become carbon neutral,” Descalzi said, as carried by Reuters. “The aim is to optimise the production of waste,” added Eni’s chief executive. Last month, Descalzi said in a post on the company’s website: “There is no doubt that the energy sector, which for decades has enabled the world economy […]