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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,067,366
Close 2021-03-02 C$ 35.59
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FP/wire say Ballard hears Kerry call for more hydrogen

2021-03-03 09:33 ET - In the News

The Financial Post reports in its Wednesday edition that the U.S. oil and gas industry should embrace "huge opportunities" in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday. A Bloomberg dispatch to the Post quotes Mr. Kerry telling the Ceraweek conferenc: "That's jump ball right now. The test is going to be how do we produce the hydrogen in a way that isn't so damaging and carbon-intensive." President Joe Biden has extolled the climate potential of hydrogen, which is widely seen as a lower-carbon alternative to natural gas in fuelling power plants and vehicles. While most of it is extracted from gas, there is a push to use renewable energy to make the fuel from water, which would not generate carbon emissions. Oil and gas companies have "incredible infrastructure" to transport hydrogen, Mr. Kerry said. Mr. Kerry said the Biden administration will push China on the issue, even as it confronts the world's top greenhouse-gas emitter over trade and intellectual property concerns. The U.S. formally rejoined some 195 other countries in the Paris Agreement last month.

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