Experts sound the alarm on oil sector’s blue hydrogen push

The oil and gas industry is promoting the use of “low-carbon” hydrogen derived from methane that is potentially dirtier than burning fossil gas for energy, scientists and analysts have told Climate Home News. Observers say the European Commission’s decision to classify gas as a transition fuel in its green investment list leaves the door open

Reliance industries’ blue hydrogen plan will draw investors

Reliance Industries Ltd.’s plan to repurpose its $4-billion (about Rs 30,000 crore) gasification assets for clean energy will offer the Mukesh Ambani-controlled conglomerate an opportunity to rope in more investors, according to analysts. India’s biggest company by market value will use syngas—a product of coal gasification—to make blue hydrogen at a competitive cost of $1.2-1.5

EU proposes rules to label some gas and nuclear investments as green

Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors, and which some lawmakers will attempt to block. Brussels has taken more than a year to decide if gas and nuclear energy should count as green

The conservative plot against green investment

The American Legislative Exchange Council is pushing cookie-cutter laws that could lock pension funds and taxpayers into losing deals—while propping up coal and other fossil fuel firms. It all starts with an innocuous bit of jargon. “ESG pressures by national environmental groups is driving banks, insurance companies and investment managers to abandoned fossil fuels,” argues