Big Oil hedging exposure to ... big oil

We've already seen Big Oil getting into renewables in a Big Way. Here's another example: Italy's Eni is looking to diversify into plastics, reportedly considering a bid on an Italian bioplastics business as part of its long-term plan to lighten oil and gas exposure. 

https://www.reuters.com/article/eni-downstream-strategy/italys-eni-targets-plastics-purchase-in-strategy-shift-sources-idUSL8N1O62UH

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