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In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey.

FILE - A boat passes by July 2, 2024, off Sea Girt, N.J., where a power cable from the Atlantic Shores offshore wind farm project is projected to come ashore. (AP Photo/Wayne Parry, File) ...

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell SHEL-N is walking away from a major project off the coast of New Jersey.