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Do you have actual knowledge of their motives? Or is this speculation, confidently stated as fact? Another possible motive, mentioned in the the paragraph you quote, is that the oil companies see an energy transition coming and are trying to get aboard the hydrogen train to diversify their future revenue sources. And that sounds like a reasonable motive; the sort of thing that people who don't see themselves as evil villains – i.e. the supermajority of people – could embrace. |
The idea is to stimulate demand for "green-ish" hydrogen (that is by grid-connected electrolysis); once demand for the hydrogen is there, it can be supplied by blue hydrogen. The O&G companies aren't super keen on green hydrogen made by dedicated renewables off grid, and they LOVE the approach of "we'll start off with grey hydrogen then we'll move to blue and green in the future".
This is very specifically a strategy to increase the amount of natural gas that can move from resources to possible reserves to probable reserve to proven reserves. That's how you increase the value of your company, which is how you get a fat bonus as a CEO.
You don't get a fat bonus by telling the truth or being right.