🔥 Eni SpA ranks #20 because it extracts and refines large quantities of oil, gas or coal.
Eni SpA, based in Iraq, extracts, refines or transports oil, gas and coal. Climate TRACE attributes 18 high-emitting assets to it. Its largest tracked activities are oil & gas extraction, oil refining and oil & gas transport.
See the proof
Power plants & sites behind it18 attributed assets · ownership split equally across listed owners
| Asset | Sector | Ownership | Attributed | Conf. |
|---|---|---|---|---|
| Iraq_Widyan - North Arabian Gulf_Conventional onshore | Fossil Fuels | 25 Mt | very low | |
| Venezuela_Maturin_Heavy oil | Fossil Fuels | 9.6 Mt | very low | |
| Abu Dhabi Oil Refining Company Al-Ruwais Refinery | Fossil Fuels | 2.6 Mt | low | |
| Iraq_Widyan - North Arabian Gulf_Conventional onshore | Fossil Fuels | 2.5 Mt | very low | |
| ENI Sannazzaro de Burgondi Oil Refinery | Fossil Fuels | 1.4 Mt | low | |
| Egypt_Nile Delta_Conventional onshore | Fossil Fuels | 1.1 Mt | very low | |
| Ferrera Erbognone Refinery power station | Power | 942.5 kt | very low | |
| Sannazzaro Refinery power station | Power | 931.1 kt | very low | |
| ENI Taranto Oil Refinery | Fossil Fuels | 867.8 kt | low | |
| Egypt_Nile Delta_Conventional shelf | Fossil Fuels | 762.7 kt | very low | |
| ENI/Kuwait Petroleum Milazzo Oil Refinery | Fossil Fuels | 654.5 kt | low | |
| PCK Schwedt Refinery | Fossil Fuels | 556.4 kt | medium |
Who profits
Hand-curated shareholder, revenue and investor context from primary public sources. This data is shown alongside — but is not used to compute — the Climate Damage Score.
About this data. Institutional investors like BlackRock, Vanguard and State Street typically hold shares on behalf of clients — appearing in shareholder records does not mean they control or direct the company. State entities and individuals with majority stakes are different and labelled accordingly.
HQ vs assets. Climate TRACE attributes emissions to assets by physical location, not corporate HQ. Eni SpA is registered in Italy but its major emitting assets are in Iraq.
Emissions intensity
Below the curated-sample median (2.02 Mt/$bn) — fewer emissions per dollar of revenue than the typical large emitter we have data for.
Top shareholders & investors
- Italian Ministry of Economy and Finance (MEF, direct)4.3%state
- Cassa Depositi e Prestiti (state-controlled bank)28.5%state
- Public free float (combined)67%public
Source: primary public filings via Wikipedia. Stakes can change; see filings for the latest.
Italian state retains roughly a third combined via MEF and CDP. Climate TRACE attributes some emissions to Eni-operated assets in Iraq.
How it's allowed
Signals below are derived from emissions data and ownership coverage only — not from any legal or regulatory finding.
Climate Villains makes no claim that any entity has broken any law. These are data-derived signals, not allegations.
Trend
Attributed emissions are roughly stable year on year. Attributed emissions, 2022–2024.
It ranks #20 mainly because its attributed assets emitted about 48.8 Mt CO₂e in 2024 (≈ 10.6M cars/yr).
The Climate Damage Score is driven by that absolute size on a log scale, with a -0.1-point flat adjustment.
Score breakdown
See the full methodology for how the score is built, or data & coverage for how complete the underlying numbers are.
What we know · what we don't
What we know
- Attributed emissions: 48.8 Mt CO₂e in 2024 (≈ 10.6M cars/yr).
- Primary sector: Fossil Fuels; primary country: Iraq.
- Evidence: 18 assets; ~26% ownership-attribution coverage.
- Source: Climate TRACE (CC BY 4.0).
What we don’t
- Exact ownership percentages — Climate TRACE lists owners but not stakes, so shared assets are split equally.
- Indirect (supply-chain / financed / product-use) emissions are not included.
- Some of this sector's emissions could not be attributed to any named owner.
- No PR claims, lobbying records, litigation history or policy-compliance data are included.