Cepsa: Windfall Tax Would Delay Its $3.3-Billion Hydrogen Plan

Cepsa, Spain’s second-largest oil company, will delay its $3.25 billion (3 billion euros) investment into domestic green hydrogen projects if Spain makes the windfall tax on energy firms permanent. Cepsa is the second Spanish company to warn that it would defer investments in green hydrogen in Spain, after Repsol said earlier this week that it had decided to pause green hydrogen development projects in its home country, citing an unfavorable regulatory regime with the idea of a permanent windfall tax on energy companies. Repsol has a pipeline...