Oil giant BP is killing 18 hydrogen projects, chilling the nascent industry

BP is cutting 18 early-stage hydrogen projects and selling its U.S. onshore wind operations to save $200 million annually. This could negatively impact the hydrogen industry, which has relied on oil and gas companies for support. BP will now develop only 5-10 hydrogen projects instead of 10+. The move highlights challenges facing the hydrogen industry, including high production costs and underdeveloped infrastructure, despite its potential to reduce carbon pollution.