EPA reportedly backing down on refinery waivers
The EPA reportedly will cut down on small refinery waivers in the wake of last month’s court ruling.
A panel of judges in the 10th Circuit Court of Appeals said the EPA was wrong to waive three refineries from blending renewable fuels because they had not received exemptions in the previous year, a requirement to qualify.
In a tweet, Iowa Senator Chuck Grassley said he hopes the reports are true and “the EPA stops giving RFS exemptions to big oil companies.”
According to S&P Global, renewable identification number (RIN) prices have moved sharply higher.