XOM - Exxon Turns Up The Heat - Pushes White House For Gas-Hydrogen Subsidy Approval: Report | Benzinga
Exxon Mobil (NYSE: XOM) is fervently courting the Biden administration to allow hydrogen made from natural gas to qualify for the juiciest subsidies.
Under President Joe Biden's landmark climate legislation, these plush subsidies are flaunting billions in tax credits, luring industries to help phase out fossil fuels, according to a report by Bloomberg.
Not to forget, California had sued the company recently on accusations of concealing the dangers of fossil fuels for decades, resulting in immense climate change-related damages.
Read More: California Sues Exxon, Shell And BP Over 'Shameful' ...