Shell will exit another floating offshore wind project, the company said on Thursdayadding another to the long list of departures from the offshore wind segment.
Shell will exit another floating offshore wind project, the company said on Thursday—adding another to the long list of departures from the offshore wind segment. Shell will sell its 80% stake in the 1.25 GW MunmuBaram project in South Korea to its JV partner Hexicon, leaving the latter with a 100% stake in the project, Shell said.
Nevertheless, Big Oil has profited more than $250 billion since the start of the Russian/Ukraine war. Of course, that comes after a couple of hard covid-induced years. In fact, according to a recent Global Witness report, the five largest oil companies in the world, BP, TotalEnergies, Exxon, Chevron—and yes, Shell—have distributed some $200 billion among their shareholders.
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