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Shell 'received €150m of subsidies for green hydrogen project that was ineligible for support': report

Shell should have been ineligible for the €150m ($162m) subsidy it received for its 200MW Holland Hydrogen 1 green H2 project, but the oil giant -- basking in record profits due to high fossil-gas prices --managed to get its hands on the eight-figure sum after the European Commission succumbed to pressure from the Dutch government, according to local investigative reporting agency Follow the Money.

However, the Netherlands' Ministry of Economic Affairs and Climate Policy disputes this interpretation, telling Hydrogen Insight that the project was found to be eligible for state aid late in the process due to the discovery of a loophole.

Shell and Exxon on the hunt for Billions in Green Subsidy

'Sapere aude'

by Oui (Oui) on Tue May 23rd, 2023 at 10:18:32 PM EST
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