U.S. climate envoy John Kerry will headline the second day of the world’s largest oil and gas conference, along with Big Oil executives trying to make the case for their importance even as panelists at CERAWeek focus on how the industry will aim to reduce carbon emissions, APA reports citing Reuters.
The coronavirus pandemic has accelerated the transition to renewable fuels and electrification of key elements of energy use. Global majors have been playing catch-up, responding to demands from investors to reduce production of fuels that contribute to global warming.
Kerry will try to address how the United States will reclaim its position as a global leader on climate change. President Joseph Biden, who appointed Kerry, is bringing the nation back into the Paris Climate Agreement which is aimed at reducing emissions.