Ministry of Environment Partners with Oil Industry... "Let's Turn the Climate Crisis into an Opportunity"

Yonhap News

The Ministry of Environment announced on the 24th that it discussed the 'Measures to Enhance the Sustainability of the Petroleum Industry' for joint response to the climate crisis with the petroleum industry.

At the meeting, the petroleum industry introduced key projects they are promoting to respond to the climate crisis, such as biofuel businesses and chemical recycling of waste resources. They also requested the Ministry of Environment to improve related systems and provide government support. The Ministry of Environment said it would review reasonable improvement and support measures and proposed the formation of a public-private win-win council with the petroleum industry. The purpose is to establish goals for joint response and identify practical issues faced at business sites.

Kim Wan-seop, Minister of Environment, said, "I am well aware that the petroleum industry, a sector with high greenhouse gas emissions, is deeply considering the worsening climate change situation," and emphasized, "Let us work together with the government and industry to wisely overcome the climate crisis and turn it into an opportunity."

The discussion took place at Lotte Hotel in Jongno-gu, Seoul. Participants included Kim Wan-seop, Minister of Environment; Park Ju-seon, Chairman of the Korea Petroleum Association; Kim Jong-hwa, President of SK Energy; Song Myung-jun, President of HD Hyundai Oilbank; Ryu Yeol, President of S-OIL; and Kim Jeong-su, Vice President of GS Caltex.

This content was produced with the assistance of AI translation services.