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Biden admin unveils strict hydrogen regulations in victory for environmentalists

The Biden administration proposed Inflation Reduction Act guidance, significantly restricting which kind of hydrogen power will receive generous tax incentives.

Treasury puts out controversial guidance for hydrogen tax credit

The Treasury Department has released proposed guidance for a tax credit meant to spur investment into hydrogen, an energy source that emits no carbon emissions when burned. But the highly anticipated rules are sparking division within the sector, with many asserting the department’s stringent requirements will hinder the industry from taking off, while others cheered the strict criteria as promoting the “cleanest” form of hydrogen production.

Biden s strict climate-subsidy rules ignore industry concerns (NYSE:BP)

Biden s strict climate-subsidy rules ignore industry concerns (NYSE:BP)
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