WorldNews Posted June 11, 2015 Share Posted June 11, 2015 By Chris Prentice NEW YORK (Reuters) - Oil companies ultimately recover their costs of complying with the U.S. biofuels program, according to an Environmental Protection Agency (EPA) analysis that marks the regulator's clearest challenge yet to a key criticism of the policy. The conclusion was based on the first in-depth public analysis of the historic run-up in prices of Renewable Identification Number (RIN) credits in 2013 and its impact on oil companies and consumers and will likely stir the debate over the long-awaited quotas for biofuels use in the nation's motor fuel supply. It also comes a week before a Senate committee will grill EPA senior official Janet McCabe about a proposal for biofuels use unveiled at the end of last month and the EPA's oversight of the renewable fuel standards (RSS) program. Continue reading... Quote Link to comment Share on other sites More sharing options...
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