Biden-Harris Admin's Favorite Hydrogen Energy Company Is Scaling Down Production in America—and Ramping It Up in Saudi Arabia

After the Biden-Harris administration outlined strict eco-friendly eligibility rules for its lucrative $100 billion hydrogen production tax credit late last year, it immediately touted a passionate endorsement from the Pennsylvania-based energy corporation Air Products.

"[These rules] will be essential to delivering real emissions reductions, creating the stimulus for broader investments across the hydrogen value chain, and cementing the U.S.’s global climate leadership," Air Products president and CEO Seifi Ghasemi said in a Dec. 22 statement. The administration blasted out Ghasemi's praise—an anomaly in the hydrogen industry, which largely opposed the proposed rules—in a Treasury Department press release, which also highlighted a letter Air Products sent days earlier that called for stringent "climate-aligned" rules governing which projects can receive the tax credit.

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