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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said.

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Saudis Expand Price War Downstream

Green Car Congress

With Saudi Arabia's refined fuel contributing to the global supply glut, what will be its impact on the refining markets especially those in Asia? We see refining margins weakening on worsening diesel fundamentals, particularly east of Suez, though gasoline should be supportive. How will Saudi Arabia Capture Market Share Downstream?