Day: April 29, 2025
IET report says running cables below ground about four and a half times more expensive than overhead lines
Labour has vowed to press ahead with its plans to build more pylons across England and Wales, a subject of local political division, as a new report says underground electricity cables are more than four times more expensive than overhead lines.
Pylons have become one of the key electoral issues in a number of counties including Lincolnshire, which is a local election battleground this week. Reform and the Conservatives have called for electricity cables to be buried underground rather than carried overhead by pylons.
Oil company says Giulia Chierchia will not be replaced after pressure from investors including Elliott
The architect of BP’s failed green energy agenda will leave the embattled oil company within months as it continues its retreat from low-carbon investments amid a sharp fall in profits.
The oil company said Giulia Chierchia, the executive in charge of BP’s sustainability ventures, would step back from her role from 1 June 2025 to “pursue other opportunities” outside the company. She will not be replaced.
President will ease some duties on foreign parts in domestically manufactured cars, administration says
Donald Trump plans to cushion the impact of his tariffs on US carmakers by easing some duties on foreign vehicle parts, his administration has said.
“President Trump is building an important partnership with both the domestic automakers and our great American workers,” the commerce secretary, Howard Lutnick, said in a statement provided by the White House.