Letter on carbon: Capturing the value of CCUS
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
Italian energy company Eni has entered into exclusive talks to sell 49.99% of its rapidly growing CCUS business unit to Global Infrastructure Partners (GIP), part of world-leading asset manager BlackRock. The deal with GIP, assuming it is finalised, reflects confidence in Eni’s strategy as well as a warming of investor sentiment towards CCUS. This new optimism should not be overstated, as the risks surrounding this highly capital intensive and operationally expensive business remain. Risks include stop-start government policy and regulation, potential safety issues with storage, opposition by the general public and uncertainty over future carbon pricing. The need to align the development of
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
