Shell has announced its withdrawal from the Atlantic Shores offshore wind project in New Jersey, citing increased competition, delays, and regulatory factors influenced by Trump’s executive order halting lease sales. The project, expected to supply power to one million homes, faces uncertainty despite commitments from partner EDF-RE Offshore Development. Shell's nearly $1 billion investment loss highlights the challenges in the U.S. offshore wind sector, particularly given the current political landscape and the significant costs associated with offshore wind energy, which requires robust policy support to attract investors.