New Jersey Climate News
News Aggregation from the NJ Climate Change Resource Center

Energy
Atlantic Shores reaffirms commitment to New Jersey offshore wind despite Shell’s write-off
REUTERS – Atlantic Shores, a joint venture between Shell Plc (SHEL.L), opens new tab and France’s EDF, reiterated its commitment to delivering New Jersey’s first offshore wind project on Thursday, despite Shell’s recent $1 billion write-off related to the venture.
Shell’s fourth-quarter earnings included $2.2 billion in impairments, part of which was a $1 billion write-off for Atlantic Shores, with Chief Financial Officer Sinead Gorman stating that the project did not align with the company’s capabilities or return goals. Shell is now looking to monetize its stake …
SUBSCRIBE
Get the latest updates from the NJ Climate Change Resource Center
SHARE THIS PAGE
LATEST HEADLINES

Debating FEMA’s future as storms, floods worsen
BRENDA FLANAGAN / NJ SPOTLIGHT NEWS

Extreme rainfall research paused under Trump
JOANNA GAGIS / NJ SPOTLIGHT NEWS
