Shell To Sea newsletter - 01/05/2008

international | environment | other press Thursday May 01, 2008 23:50 by JM Rossport

Shell pulls out of world’s biggest wind farm

Royal Dutch Shell PLC said Thursday it plans to sell its share in a project to build the world’s largest electricity-generating wind farm near the British capital, raising a strong possibility that the project will be scrapped.

Shell To Sea newsletter

Friends of the Earth spokesman Nic Rau said the decision to pull out had an extra sting, coming just two days after Shell posted a 25 percent rise in first quarter profit to a record US$9.1 billion (?5.8 billion) on the back of soaring crude oil prices.

... “It should be investing those profits in renewable energy projects not focusing its efforts on making money from sucking fossil fuels out of the ground and contributing to climate change,” he said.

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