Financial Times: Shell pulls out of key wind power project
By Fiona Harvey and Rebecca Bream in London
Published: April 30 2008 23:39 | Last updated: April 30 2008 23:39
Plans for a massive expansion of offshore wind power generation were in disarray on Wednesday night after Shell pulled out of the UKs flagship project.
The London Array was to be the worlds biggest offshore wind farm, with 341 turbines in the Thames Estuary capable of generating 1,000 megawatts of power enough to power a quarter of Londons homes.
Shell had an equal share in the project with Eon and Denmarks Dong Energy.
Shell said on Wednesday it was seeking to sell its stake, while increasing its investment in onshore wind farms in the US.
The move is a blow to the governments plans to meet its renewable energy targets through offshore wind. Difficulties in obtaining planning permission mean there is no chance of the UK meeting European Union renewable energy targets without a massive investment in offshore wind power.
Wind farms off the coast face less opposition, but are more expensive and require higher subsidies to attract developers. John Hutton, secretary of state for business, announced plans last year to build the equivalent of 33 London Arrays by 2020.
Shell declined to give detailed reasons for its decision. The cost of the London Array was estimated at £1bn in 2003 and £1.5bn in 2005, but has risen to at least £2bn to £2.5bn as a global rush to wind energy has driven up the price of turbine components.
Paul Golby, chief executive of Eon, gave a gloomy assessment of the projects future: Were very disappointed by Shells decision but will continue to work with them as we look to find a way forward, but I believe that, at the very least, some delay to the project is now inevitable.
Dong said it was looking into all options.
Copyright The Financial Times Limited 2008
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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