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In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm
In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey.
Shell Takes $1 Billion Hit on Wind Farm Trump Wants ‘Dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.
Trump's executive order shakes offshore wind industry as oil giant Shell backs out of New Jersey project
Oil giant Shell exits a $1 billion New Jersey offshore wind project amid Trump’s restrictions on renewable energy, citing market challenges and uncertainty. Offshore wind opponents celebrate, while clean energy advocates warn of setbacks.
11h
on MSN
Shell withdraws from big N.J. wind farm that Trump wanted ‘dead and gone’
Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...
GlobalData on MSN
12h
Atlantic Shores commits to New Jersey wind project despite Shell’s write-off
Atlantic Shores, a joint venture between Shell and France’s EDF, has reaffirmed its commitment to delivering New Jersey’s ...
6h
on MSN
Offshore Wind Takes a Blow From Trump's Attacks on Clean Energy
Announcements of cutbacks and changes in leadership this week showed the offshore industry faces "a series of headwinds." ...
1d
on MSN
Atlantic Shores Offshore Wind says it remains committed to NJ, despite Shell announcement
The future of a New Jersey offshore wind project appears in jeopardy after one of two parent companies announced pausing its ...
Recharge
1d
Shell's $1bn hit to quit US offshore wind plan Trump wants 'dead and gone'
Oil giant says Atlantic Shores project with EDF doesn't fit 'capabilities or returns' as it books near $1bn impairment ...
8h
Shell Gives Donald Trump a Win Off New Jersey Shore
Shell abandoning a $1 billion investment highlights uncertainties introduced by Trump's order about offshore wind projects.
6abc News
11h
Shell withdraws from Atlantic Shores wind project off New Jersey coast
Energy company Shell withdrew from the Atlantic Shores offshore wind project. Atlantic Shores said it remains committed to the project, and Gov. Phil Murphy has said it is vital to the state's ...
NJBIZ
23h
Shell withdraws from NJ’s first planned offshore wind project
As the political and economic winds continue to shift in the offshore wind sector, Shell disclosed during a quarterly ...
1d
on MSN
Atlantic Shores Reaffirms Commitment to New Jersey Offshore Wind Despite Shell's Write-Off
(Reuters) - Atlantic Shores, a joint venture between Shell Plc and France's EDF, reiterated its commitment to delivering New ...
1d
Wind farm developer said project will continue despite loss of major investor
The news comes about a week after President Trump issued an order blocking new leases and permits for onshore and offshore ...
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