AFPM, API would like to see EPA go further in RIN reform effort

The American Petroleum Institute and American Fuel & Petrochemical Manufacturers welcome the US Environmental Protection Agency’s proposals to address renewable fuel credit fraud, but would like to see the agency go further, the trade associations jointly said.

“EPA’s proposal is a welcome attempt to address the significant fraud in the biofuel markets, but will not solve the systemic problems caused by the [federal Renewable Fuel Standard] biofuel mandates,” AFPM Pres. Charles T. Drevna said Apr. 19.

“These mandates will harm consumers as EPA forces the consumption of increasing amounts of biofuels that are incompatible with today’s cars and refueling facilities,” Drevna noted.

AFPM supports the agency’s decision to provide refiners with an affirmative defense to the liability created by fraudulent biofuel producers, Drevna said, but the scope of the EPA proposal is much broader than the problem it purports to solve.

The rule follows EPA’s discovery of more than 140 million fraudulently created biodiesel credits—known as renewable identification numbers—and its decision to assess fines against refiners who purchased such RINs from EPA-registered biodiesel producers.

API Senior Policy Advisor Patrick Kelly said the trade association considers EPA’s proposal a positive first step. “The voluntary program allows companies that purchase credits to be assured they were validly generated and represent true production of renewable fuels,” he indicated.

“We remain concerned, however, that EPA’s proposal shifts some of [its] enforcement responsibility onto third party auditors,” Kelly continued. “EPA’s plan does not change the fact that the [RFS] is unworkable and must be repealed.”

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected