Biofuel Act in the PhilippinesA biofuels law that passed last year in the Philippines has gone into effect. The Biofuel Act requires oil companies to blend a 1 percent formula for diesel, followed by a 5 percent concoction of bioethanol for gasoline within two years.
Did you know . . .There are more than 1.59 million Caterpillar engines out there right now? Caterpillar says 2006 was a record-breaking year for its global on-highway engine sales.
Diesel Bits Diesel Bits Diesel Bits* A bill that would allow Montana drivers to claim up to $500 in tax credits each year if they use biodiesel or a biodiesel blend could become law in 2008. The bill won bipartisan House support, according to The Associated Press. The tax credit would end in 2013.
* GM has killed the hybrid Silverado and Sierra pickups.
* Audis are "Official Automobiles" of the Summer Olympics.
* Ford had a net loss of only $282 million in the first quarter of this year. Only? Hey, it was $1.4 billion the first quarter of 2006.
* Reuters is claiming that Mitsubishi will sell its next-generation 2.0L diesel in Europe in 2009. That's a year earlier than the company had planned.