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Proposed RIN reforms would only make program worse, API study finds
Oil & Gas Journal: Changes which the US Environmental Protection Agency proposed to improve the Renewable Identification Numbers biofuel credits program under the federal Renewable Fuel Standard would have the opposite effect, a study commissioned by the American Petroleum Institute concluded.
“Proposals to rework certain features of the RFS program’s RIN market to address complaints of one group of stakeholders would be a serious policy misstep,” the study by Covington & Burling said. “Improving the position of some obligated parties at the expense of other obligated parties is not a valid goal of public policy.”
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