Exxon Lobbies To Have Gas-Produced Hydrogen Included In IRA Tax Credits ...Middle East

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Exxon Lobbies To Have Gas-Produced Hydrogen Included In IRA Tax Credits
ExxonMobil is lobbying the Biden Administration to have hydrogen derived from natural gas with carbon capture – the so-called blue hydrogen – be eligible for the generous tax credits under the Inflation Reduction Act (IRA), Bloomberg reported on Wednesday, citing an internal company memo it had seen. The IRA, passed in August last year, has nearly $370 billion in climate and clean energy provisions, including investment and production credits for solar, wind, storage, hydrogen, and critical minerals, funding for energy research, and…

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