Exxon CEO: $10B Texas Hydrogen Project Hinges on Tax Credits for Fossil-Based Blue Hydrogen

Exxon CEO says company's proposed $10B Texas hydrogen project won't happen without IRA tax credits for "blue" hydrogen made from natural gas
Exxon believes trapping carbon from blue hydrogen should qualify for credits, but current IRA guidelines only cover "green" hydrogen from renewables
Exxon says choosing only green hydrogen means favoring certain technologies over emissions cuts
Exxon project could cut refinery emissions by a third through blue hydrogen and carbon capture
Exxon CEO says activists want fossil fuels eliminated instantly but society can't handle such hardships