It'd be a pretty big lie for them to pull off. It's one thing to spend a few million funding some climate change denying think tanks. It's a whole other level of deception to spend hundreds of millions on a technology in the hopes that others will fall for it.
>the carbon emissions in their production process
This seems like the weakest possible argument. Either the chemical reaction they're proposing generates carbon or it doesn't. It's very easy to validate. Are you expecting them to build an entire "green" hydrogen plant that claims to use a process that doesn't produce co2, but is secretly burning oil? That seems extremely risky to pull off and very easy to discover.
>or that any profits wouldn’t be used in part to fund their political lobbying to prevent action or dodge the consequences of their actions.
So you would rather shoot ourselves in the feet (metaphorically) when it comes to the green energy transition, because you can't stand the thought of the bad guys making money in the process? Do you also think that we should drag out the pandemic a bit longer because a bad guy[1] might be making money in process?