Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Trump seeks to ...

Shell has withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest hit to the state’s clean ...

A pullout from offshore wind could hurt communities such as Paulsboro, where a wind-related port promised jobs and town ...

Shell's fourth-quarter earnings included $2.2 billion in impairments, part of which was a $1 billion write-off for Atlantic ...

Atlantic Shores says it will push forward with its planned wind energy farm off the coast of southern New Jersey despite the ...

On a fourth quarter earnings call Jan. 30, Shell plc told analysts that the company was pausing its involvement in the ...

The news comes about a week after President Trump issued an order blocking new leases and permits for onshore and offshore wind projects.

Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump seeks to stymie the industry’s development with executive orders.

Shell chief executive Wael Sawan said the company’s green energy businesses must start delivering returns to shareholders after cutting investment and writing down its US wind farms by almost $1bn.

Plc announced its withdrawal from the Atlantic Shores offshore wind farm project in the US, resulting in a write-off of ...

U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an ...