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 told The Associated Press it is writing off the project, citing increased competition, delays and a changing market.
The BPU said in light of Shell pulling out of the first project it 'would not be a responsible decision at this time.' ...
Oil giant says Atlantic Shores project with EDF doesn't fit 'capabilities or returns' as it books near $1bn impairment ...
A pullout of offshore wind could hurt communities like Paulsboro, where a wind-related port promised jobs and town revenue.
Atlantic Shores says it will push forward with its planned wind energy farm off the coast of southern New Jersey despite the ...
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