Reported at www.abc.net.au: The Queensland government has decided to withdraw its support for the Central Queensland Hydrogen Project, citing the excessive financial demands of over $1 billion.

Federal Energy Minister Chris Bowen expressed disappointment over this decision, emphasizing the project’s potential to create 9,000 jobs and boost the local economy by $8.9 billion.

This setback comes as federal parliament plans to debate legislation for $6.7 billion in green hydrogen production credits to stimulate the industry amidst recent challenges in the sector.