U.S. Senators Bill Cassidy (LA), Mike Crapo (ID), Jim Risch (ID), and Pete Ricketts (NE) have criticized the Biden administration's new rule redefining "clean hydrogen," which complicates eligibility for Section 45V tax credits by requiring hydrogen production to use renewable energy. They argue that the rule deviates from the original definition and could hinder the hydrogen industry's growth due to permitting, supply chain, and inflation issues. The senators urge the Internal Revenue Service and U.S. Department of the Treasury to revise the rule to ensure flexibility and support for the hydrogen economy, noting widespread industry opposition and potential economic impacts.
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CASSIDY, REPUBLICAN COLLEAGUES CONDEMN NEW BIDEN ADMINISTRATION RULE STRANGLING U.S. HYDROGEN
CASSIDY, REPUBLICAN COLLEAGUES CONDEMN NEW BIDEN ADMINISTRATION RULE STRANGLING U.S. HYDROGEN
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