JEFF MCMAHON / FORBES – Oil and gas companies should begin the transition to clean energy now, while their coffers are still fat with fossil-fuel revenues, said the North American head of Ørsted, the Danish oil company that has switched most energy production to offshore wind.
Ørsted recognized a decade ago that its North Sea platforms could not compete with American fracking wells in a market increasingly squeezed as a world transitions to cleaner sources, said Thomas Brostrøm, president of Ørsted North America. In the United States, Ørsted is developing wind projects offshore of Massachusetts, New Jersey and Virginia …
