Free Republic

Shell announced its withdrawal from the Atlantic Shores offshore wind farm project in the US, resulting in a write-off of nearly $1 billion. The decision was disclosed in the company's quarterly earnings report on Thursday, marking another setback for the American offshore wind industry. Shell's decision to exit the project comes as the industry faces challenges from President Donald Trump's executive orders aimed at halting its development. This is a significant shift from the support the industry enjoyed under Joe Biden, despite the recent increase in costs. Shell's Chief Financial Officer, Sinead Gorman, explained the decision during a call with...