During Linde’s FYQ4 2024 earnings call, Sanjiv Lamba, the CEO of Linde, revealed the company's strategic focus on blue hydrogen in the US. He mentioned that around 90% of the clean hydrogen projects under development in the country will be blue hydrogen, indicating a significant commitment to this sector. This decision aligns with Linde's investment in carbon capture initiatives, as the company aims to capitalize on tax credits such as the 45Q credit for carbon capture and storage (CCS) provided under the Inflation Reduction Act. Lamba's announcement came in the context of Linde's impressive financial performance, with a $10.4 billion project backlog suggesting robust future demand in the clean energy market. Additionally, the company's 29.5% adjusted operating margin showcases its sustained profitability and efficiency in operations. The CEO also addressed the challenges posed by the suspension of funds from hydrogen-supporting legislation introduced during the Biden administration. By diversifying its reliance on the 45Q tax credit, Linde aims to navigate through these changes in the regulatory landscape and maintain its position as a key player in the hydrogen industry. The overall sentiment towards Linde's strategic direction appears positive, with a clear emphasis on sustainability and innovation in the clean energy sector.