Parties Involved In RIN Fraud, EPA Will Protect You

Law360, New York (April 8, 2013, 12:36 PM EDT) -- On Jan. 31, 2013, in response to industry criticism over recent fraud in the renewable identification number (RIN) market that has cost both the renewable fuel and petroleum industries millions of dollars, the U.S. Environmental Protection Agency proposed a rule that seeks to amend the renewable fuel standard (RFS) program to address the fraud and restore liquidity to the RINs market.

The RFS program was established under the Energy Policy Act of 2005, was subsequently modified through the Energy Independence and Security Act of 2007 and...
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