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Why is the oil industry so keen to promote hydrogen as the fuel of the future?
A by , European program manager of the , a global team of highly qualified energy experts, highlighted the gas industry’s push to for . This prompted me to post in his article, and also to delve deeper into the subject and share a more structured commentary.
The oil industry is determined, by hook or by crook, to position hydrogen as a technology capable of salvaging its business model. The rationale seems straightforward: hydrogen, a by-product of oil and gas production, could leverage existing infrastructure to be sold as a “clean” alternative. Being flammable, hydrogen could potentially replace gas in many applications.
However, there’s a glaring issue: . In fact, it’s highly polluting — a false solution at best, and at worst, . Currently, over 97% of hydrogen on the market comes from such processes, which explains the oil companies’ vested interest in developing this market.
We’re being told a big fat lie, and a dirty one at that. The hydrogen push mirrors the industry’s previous of as — a marketing ploy designed to present a fossil fuel as …