29 Apr '12, 4am

Shell Says No to North Sea Wind Power

Shell Says No to North Sea Wind Power

by Terry Macalister, The Guardian Shell will not be joining David Cameron's crusade to attract private sector investment into creating a North Sea wind revolution despite its commitment to turbines in the US. Simon Henry, the company's finance director, said Shell "can't make the numbers" add up to justify building offshore windfarms. That contrasts with onshore turbines in America where it controls almost 1 gigawatt of wind power. The British government should support an industry that is "already successful" – such as oil and gas – as much as chase a renewable power sector that is still trying to become profitable, Henry added. He was speaking as Shell reported enormous first quarter profits and as Cameron made a rare plea for help with renewable power at the Clean Energy Ministerial meeting in London. The prime minister described renewables as the "fastest growing energy...

Full article: http://earthandindustry.com/2012/04/shell-says-no-to-nort...

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