XPost: alt.fan.rush-limbaugh, alt.politics.republicans, talk.politics.guns
There will be more.
Many more.
They bought into the green new scam and are losing badly.
'Shell writes off $1 billion, exits US offshore wind project'
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https://www.investing.com/news/stock-market-news/shell-writes-off-1-billion-exits-us-offshore-wind-project-93CH-3839351>
'nvesting.com -- Shell (LON:SHEL) Plc 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 former President Joe Biden, despite the
recent increase in costs.
Shell's Chief Financial Officer, Sinead Gorman, explained the decision
during a call with reporters. She stated that the project no longer
aligns with Shell's capabilities or the returns the company expects. As
a result, Shell chose to write off the investment and pause its
involvement in the project, leading to a $996 million impairment.
This article was generated with the support of AI and reviewed by an
editor. For more information see our T&C.
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--- SoupGate-Win32 v1.05
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