image: proposed area for London Array scheme within Thames Estuary
Shell, who prides itself on its progressive green initiatives, has reneged on its commitments to the London Array Scheme – a project to build the world’s biggest off-shore wind farm. The company, who recently announced profits of £4bn, said that the decision was an economical one and claims that it is still fully committed to wind power.
Apparently, they prefer to focus on US wind power because the government incentives promised better returns. Of course there’s nothing new about the company looking for better returns. We know that all large corporations are motivated by greed but maybe they ought to read this article. Maybe we’ll see them scurrying back to the UK, cap-in-hand.
Anyway, although BWEA are said to be playing down the pull-out, it remains to be seen as to whether it will put the project in jeopardy. It certainly must be a huge blow. What a shame.