The photo shows a chimney sealed with accoustical sealant
covered by red sheathing tape (to make it a little less messy) and
high heat silicone sealant against the pipe.
Where access hatches are
installed in an assembly with an air barrier system they must be
weatherstripped to minimize air leakage
Clearance at chimneys and gas
vents must be sealed using noncombustible materials to prevent air
leakage
With tape or compatible material
to the air barrier