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Stock impact report

The Surging Hydrogen Economy That Oil And Gas Companies Are Tiptoeing Into. [Forbes]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Forbes
A 2,500 cubic-meter tank of liquid hydrogen at Kobe Port Island plant in Japan where a special... [+]shipping terminal has been built to import liquid hydrogen from Australia (2020 photo).AFP via Getty ImagesAs reported two years ago,Rystad EnergyBut then bp opened the door with itsTeesside hydrogen projectThis was followed recently whenbp acquired a 40% stake in AREHUS Congress pusheshydrogen.Lots of funding dollars and tax breaks have appeared in two bills approved by the US Congress:First, the Infrastructure Investment Act (IIA) in 2021 provided$9.5 billion for hydrogen developmentMORE FOR YOUHere’s The List Of 317 Wind Energy Rejections The Sierra Club Doesn’t Want You To SeeRevisiting The Blame For High Gas PricesWhy Do ‘Fracking’ Opponents Ignore Its Moral Benefits?Second, the Inflation Reduction Act (IRA), that was signed in August 2022, has $370 billion for investment in clean energies and includes funding and tax breaks for hydrogen and for carbon capture and sequestration (C Show less Read more
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