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Trump, Shell and offshore

The Associated Press on MSN · 5h

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.

India Today · 3h

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.

Hosted on MSN · 1d

Offshore wind project Trump wanted 'dead and gone' costs Shell $1B

Shell took a $996 million loss after withdrawing from the Atlantic Shores Offshore Wind development, a project Trump recently criticized.

Shell, Atlantic Shores and New Jersey

GlobalData on MSN · 10h

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 first offshore wind project despite Shell’s recent $1bn write-off related to the venture. The write-off was part of $2.2bn in impairments reported in Shell’s fourth-quarter earnings, as reported by Reuters.

6abc News · 9h

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 renewable energy needs. An Action News Climate Ready report last fall highlighted the headwinds facing offshore wind.

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.

9hon 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Global energy giant Shell announced Thursday that it has withdrawn from the Atlantic Shores offshore wind project in New ...

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 wind projects.

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 ...

1don MSN

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 ...

10h

Oil giant Shell walks away from major New Jersey offshore wind farm in win for Trump

Shell told The Associated Press it is writing off the project, citing increased competition, delays and a changing market ...

4hon 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." ...

shorenewsnetwork1d

Murphy’s Wind Energy Agenda on Life Support As Shell Takes $1 Billion Loss in New Jersey Pullout

Days after U.S. President Donald Trump put a moratorium on offshore wind energy at the Jersey Shore, labeling it as a victory in New Jersey's ...

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