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Europe Risks Trailing US on Green Hydrogen, Fortescue Says

  • Climate legislation expected to lure investment to the US
  • Europe needs hydrogen ‘more than anybody else,’ says FFI chief

Europe risks falling behind the US in the race to build a green hydrogen manufacturing industry after Congress passed a major climate bill, according to Fortescue Metals Group Ltd.

President Joe Biden earlier this month signed into law the biggest climate package in American history, including $369 billion of spending aimed at accelerating a shift away from oil, coal and gas in favor of cleaner energy sources.