EPA Will Propose Rules To Fight Biofuel Credit Fraud

Law360, New York (August 15, 2012, 4:57 PM EDT) -- The U.S. Environmental Protection Agency on Tuesday said it is drafting new rules to fight fraudulent renewable fuel credits that have caused uncertainty in the market and affected the ability of smaller biodiesel marketers to sell credits.

The agency was responding to a request from U.S. Rep. Gene Green, D-Texas, who said he first became aware of the existence of the fake credits in November. Renewable identification numbers, or RINs, unique codes attached to renewable fuel tax credits and tracked by the EPA under the 2005...
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