The new regulations allow nuclear power and natural gas producers to qualify for significant credits aimed at hydrogen production.

The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel.

The Biden administration finalized rules meant to boost domestic production of hydrogen fuel through a new tax credit, a move that might also keep struggling nuclear power plants on line for longer.

The Biden administration unveils final rules for subsidizing hydrogen power amid debate over how green the fuel should be.

A number of new energy stocks, including S&P 500 nuclear stocks Constellation Energy and Vistra, along with Amazon.com supplier Plug Power, moved higher following the Treasury Department and Internal Revenue Service revising its rules for hydrogen production tax credits.

Hydrogen projects had been waiting for the rules, which determine what ventures are eligible for incentives under the 2022 Inflation Reduction Act.

Local proponents of the green fuel have been encouraged by the US government’s billions of dollars in tax credits which now come with fewer conditions attached.

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come, according to a new estimate from BloombergNEF.

New York has so far taken nearly $29 billion through the $1.2 trillion law signed by President Biden in 2021 largely to fund infrastructure upgrades.

The tax credit created by President Joe Biden’s signature ... a global leader in truly green hydrogen,” John Podesta, senior climate adviser to Biden, said in a statement.

Islamist terrorists stormed the Paris office of Charlie Hebdo, killing 12 members of the satirical publication's staff. French President Francois Hollande described it as "an act of exceptional barbarism.

Major institutions have been subverted over the years to serve the insistent pseudoscientific claims of climate alarmists.