Wind
Dec 4, 2024
Shell Hits the Brakes on Offshore Wind in Strategic Shakeup
Shell shifts focus from offshore wind projects to oil, gas, and biofuels, citing rising costs and supply chain challenges.
In a bold pivot under CEO Wael Sawan, Shell announces it will stop pursuing new offshore wind projects, reorganizing its energy division to prioritize higher-return ventures like oil, gas, and biofuels. This decision aligns with a growing trend of energy giants reevaluating renewable investments amidst mounting economic pressures. Read more.
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wind
Jul 19, 2025
BP Sells U.S. Onshore Wind Business, Retreating from Green Energy
BP has agreed to offload its U.S. onshore wind assets—covering 10 wind farms powering over 500,000 homes—to LS Power, as it pivots back toward oil and gas amid financial pressures and underperformance in its green-energy arm.
wind
Jul 7, 2025
Trump Issues Executive Order Ending Wind & Solar Tax Subsidies
President Trump signed an executive order mandating federal agencies to enforce the termination of wind and solar tax credits after 2026 and adjust Interior policies perceived as favoring renewables.