On his first day in office, Trump issued an executive order to halt further funding from the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs Act (IIJA), which respectively offered production tax credits of up to $3/kg and a combined $7bn of funding for seven hydrogen hubs.
The acts will have their processes, policies and programmes for issuing funds reviewed, with department heads expected to issue recommendations to “enhance their alignment” with the new administration’s oil and gas focus.
HZR Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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