Category Archives: Renewable Energy

Bi-partisan Group Seeks Probe Into RIN Market Manipulation

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A bi-partisan group of House members sent a letter to the Commodity Futures Trading Commission (CFTC) asking for an investigation into the alleged manipulation of the market for ethanol credits. The group of Representatives, all from the Midwest, said in their letter that price volatility in the market over the last year could be due to trading outside normal supply-and demand forces. Renewable identification numbers (RINS) are used to identify the credits and were created to be traded in the fuel supply chain and not in financial markets. The prices per credit fluctuated over the year from a few [...]Read more

House Committee Schedules Climate Hearing

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The House Energy & Commerce Committee’s Energy and Power Subcommittee will hold a hearing on Wednesday, September 18 at 10:00am. The hearing will examine the Obama administration’s climate change policies and activities. Rep. Ed Whitfield (R-KY), chairman of the subcommittee, sent a letter to members of the EPA, the Department of Energy, the Department of Defense, the State Department and other agencies asking officials to testify at the hearing. Issues that will likely be covered include: EPA’s greenhouse gas limits for newly constructed power plants, the Keystone XL pipeline, renewable [...]Read more

Next EPA Administrator Nominated

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Gina McCarthy, the current head of EPA’s Office of Air and Radiation, has been nominated by President Obama to become the next EPA Administrator. McCarthy’s main background is in air enforcement and climate change issues. President Obama said she would help promote renewable energy programs, which she has experience doing from her days as an environmental official in Massachusetts. She helped develop recent mercury and soot emission power plant rules. One of the more important aspects of her nomination is her relationship with industry, which will likely help her during the nomination [...]Read more

EPA Considering Safe Harbor for Renewable Biofuel Purchasers

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In the wake of a recent spate of RIN fraud cases involving a reported 140 million invalid RIN (renewable identification number) credits, EPA is considering revisions to the Renewable Fuels Standard (RFS2) program that would provide greater clarity for obligated parties (oil companies that refine and import gasoline and diesel). Although EPA has taken aggressive enforcement action against fraudulent RIN producers, EPA’s current “buyer beware” policy also penalizes oil companies that are victims of RIN fraud by imposing civil penalties and requiring replacement of fraudulent RINs, [...]Read more