Posted by John Donovan: 15 Feb 24
Gather round, folks, for a tale of woe and intrigue, starring none other than Shell, the planet’s darling polluter and profiteer extraordinaire. In a shocking twist no one saw coming (cue eye roll), Shell might just bail on Norway’s grand plan for its first commercial offshore wind farm. Why? Because, in a plot twist as predictable as a soap opera, the numbers just don’t dazzle them.
Here’s the skinny: Shell, alongside a dynamic duo of local Norwegian utility sidekicks, fancied themselves green warriors by eyeing up the Soerlige Nordsjoe II spot in the bracing North Sea. They dreamt of erecting Norway’s pioneering bottom-fixed offshore wind farm. But alas, Marianne Olsnes, Shell’s Norway country manager and apparent bearer of bad news, dropped a bombshell at an Oslo energy conference. The business case was, in her words, “not looking great.” read more
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