European Group Lifts Funding to $4.6B to Prevent Plastic Pollution in Seas
to some of the fastest-growing and most densely populated cities, would help stop some of the 1.5 million tonnes of micro-plastics that end up in the sea every year, it said.Led by France's Agence Française de Développement (AFD), KfW and the EIB, the group also includes Italy's Cassa Depositi e Prestiti (CDP), Spain's national promotional bank ICO and the European Bank for Reconstruction and Development. ($1 = 0.8732 euros)(Reporting by Simon Jessop; Editing by Alexander Smith
Eni-led Group to Build Wave Power Stations
Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The agreement, which follows the understanding signed last 19 April, will launch the first phase of a joint project to convert the Inertial Sea Wave Energy Converter (ISWEC) pilot project, an innovative system that transforms energy generated by waves into electricity, into an industrial scale power station, making its application and use immediately available.The partnership agreement will focus on two phases: during the first
Saipem CEO Could Be Reappointed in May
The main shareholders of Italy's Saipem indicated on Thursday they would support the reappointment of Stefano Cao as chief executive of the oil service company. State lender Cassa Depositi e Prestiti (CDP) and oil major Eni, who jointly control Saipem, included Cao's name in the slate of directors they will propose at a shareholder meeting in May. Cao's name was second in the list, a position which traditionally indicates the name of the potential CEO. Saipem shares have fallen more than 80 percent in the last three years as the sector continues to suffer from lower spending
February 2024
