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Big Oil s Renewables Retreat Opens Door for Others

Big Oil s Renewables Retreat Opens Door for Others
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EU Bid to Swap Russia Gas for Offshore Wind is Falling Short

By William Mathis (Bloomberg) — European efforts to rapidly scale-up offshore wind farms to help cut dependence on Russian natural gas and reduce planet-warming emissions are falling short as developers struggle.

Without Government Support, UK s Offshore Wind Push at Risk from Soaring Costs

By William Mathis (Bloomberg) — Orsted A/S, the world’s largest developer of offshore wind farms, said its biggest project in the UK is at risk of being scrapped without government support.

BP Plans Slower Oil Retreat as Russia War Drives Record Profit

By William Mathis (Bloomberg) — BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices.

UK Offshore Wind At Risk Without Higher Prices

By Rachel Morison and William Mathis (Bloomberg) The UK’s next auction of renewable-energy contracts will be make or break for the country’s burgeoning offshore wind industry. Wind power has been.

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