Shell Game: Oil Giant Pulls out of U.K. Wind Farm

clipped from blogs.wsj.com We’ve mentioned before the belief that high oil prices will inevitably spur more alternative energy. Royal Dutch Shell said it is pulling out of the “London Array,” which—if it ever gets built—will be one of the world’s largest wind farms. Shell’s departure leaves the other two partners, Germany’s E.On and Denmark’s DONG, holding the bag on an increasingly expensive and complex project The Times of London called the departure a “huge blow” to Britain’s ambitious plans to harness offshore wind to meet growing energy needs. The Guardian is harsher: Even though it isn’t clear if or when U.S. federal clean-energy subsidies will be renewed, European utilities are champing at the bit to enter the U.S. wind market.