Posted on: November 30, 2020

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Gneiss Energy’s Managing Director Jon Fitzpatrick featured on Mergermarket last week, discussing Repsol’s recently announced 2021-2025 Strategic Plan which looks to transform the company, accelerating the energy transition and ensuring a positive return and the highest value for shareholders. The new strategy outlines a challenging roadmap with more ambitious intermediate emissions cuts targets to successfully achieve net zero emissions by 2050. Repsol will decarbonize its asset portfolio and establish a new operating mode.

“Repsol’s announcement on its near-term strategy (2021-2025) is in line with what we are seeing across the board with the European majors’ with an accelerated step towards delivering an energy transition strategy robust at lower commodity prices, targeting greener investments all whilst retaining the ability to pay the dividend,”

Read the full article on Mergermarket here.

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