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...They say they want to ensure that the bill does not impede offshore wind farms and other renewable energy infrastructure, or hamper economic development....
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...But that began to drop off from the late 1980s amid a manufacturing exodus that saw many companies — in fashion as well as other industries — offshore production to competitively priced countries such as...
...Even Denmark’s Ørsted — the world’s largest developer of offshore wind power and a beacon for renewable energy — recently said it was struggling to deliver new offshore wind projects profitably in the UK...
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...BP and Adnoc announced in March 2023 that they planned to acquire half of NewMed, the majority owner of the Leviathan offshore field....
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...The CO₂ emitted in the production is also half the global average for a barrel of oil of 18kg/b, he added....
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