Exclusive: EPA grants refiners biofuel credits to remedy Obama-era waiver denials


By Jarrett Renshaw and Chris Prentice NEW YORK (Reuters) – The U.S. Environmental Protection Agency awarded tens of hundreds of thousands of greenbacks price of biofuels mixing credits for this yr to refiners HollyFrontier and Sinclair Oil once they argued the company had wrongly denied them waivers from the rustic’s biofuels regulation way back to 2014, in accordance to two resources and public filings. The liberate of the Renewable Identification Numbers, or RINs, marks the primary reported example of the EPA issuing tradable credits from earlier years into the prevailing marketplace. – and is most probably to upload gasoline to an already fiery dispute between Big Oil and Big Corn over the way forward for America’s biofuel coverage via opening the door to equivalent demanding situations from different refiners someday.

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