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 was writing off the project, citing increased competition, delays and the changing market.
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“Naturally we also take regulatory context into consideration,” spokesperson Natalie Gunnell said in an email. Large offshore wind farms have been making electricity for three decades in Europe, and more recently in Asia. They are considered by experts to be an essential part of addressing climate change because they can take the place of fossil fuel plants, if paired with battery storage. New Jersey has set a goal of generating 100% of its energy from clean sources by 2035.
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In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farmIn 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.
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