| I work for an oil and gas company. It has been specifically stated by my company that they are seeking support for hydrogen as a fuel because it adds value to their gas reserves - natural gas is roughly 75% hydrogen on a molar basis. 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. |