MIT and Eni renew energy partnership
Capping what he called a successful five-year partnership between the Italian energy company Eni and the MIT Energy Initiative, Eni CEO Paolo Scaroni this week enthusiastically renewed his company’s support of MITEI.After his ceremonial signing of the new agreement with MIT President L. Rafael Reif, Scaroni said, “When I started this whole thing, I did it, as we say in Italian, ‘to save my soul.’” When he signed the initial agreement of support for MITEI, Scaroni said, he was largely motivated by the desire to be able to answer questions from environmentalists and others who would ask him, “Why don’t you do something for the future of the world?”But over the years of the partnership, Scaroni said, he has come to realize that Eni’s support of MITEI is also good for business. “The cooperation has been so successful,” he said. “Cooperation between MIT and Eni can give us phenomenal results.”While...