Kerry calls out Chevron as lagging on climate at COP28

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🗞️ Driving the news: US climate envoy John Kerry criticized some US oil producers at the Bloomberg Green summit, particularly targeting Chevron Corp. for not joining a decarbonization charter aimed at reducing methane emissions and flaring of natural gas.

🔭 The context: Chevron, unlike six other oil companies, has not committed to the charter unveiled at COP28 nor supported a World Bank fund to reduce methane emissions. Kerry highlighted the need for more proactive involvement from companies in combating climate change.

🌍 Why it matters for the planet: Chevron's lack of participation in these initiatives is significant given the urgent need for industry leaders to contribute to global efforts in reducing greenhouse gas emissions and transitioning towards a lower-carbon future

⏭️ What's next: The ongoing COP28 summit continues to address the role of oil companies in climate action
• The final outcomes, including commitments and agreements, are yet to be determined, with Kerry emphasizing the importance of finding realistic and effective solutions

💬 One quote: “You can’t be outside of this initiative,” said Kerry, urging Chevron to fully engage in global climate efforts

📈 One stat: 50 companies have committed to significantly reduce carbon pollution from their operations by 2050, a pledge led by the United Arab Emirates

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