The US$147b green hydrogen bubble that BP helped burst

(Image: The Washington Post)

Mon, 04 Aug 2025

By Keira Wright, Sing Yee Ong, William Mathis and Will WadeAustralia’s long-held ambitions to tap its abundant renewable resources and vast uninhabited landmass to become a global green hydrogen leader are fast unravelling.Despite strong government backing and significant private sector interest, at least seven big hydrogen production projects have been delayed, scaled back, or cancelled in the last year. Chief among them was BP Plc’s decision last week to exit a US$36 billion (NZ$61.3b) facility in the Pilbara region of Wester...

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