In a virtual public hearing this week, the Renewable Fuels Association opposed the Environmental Protection Agency’s proposed extension of the 2019 and 2020 Renewable Fuel Standard compliance deadlines, calling it a last minute favor to oil refiners made by former EPA Administrator Andrew Wheeler on his way out the door.
In his testimony, RFA Chief Economist Scott Richman said, “All that this proposal does is to compound problems that the agency itself created under the former administration—the massive and illegal increase in small refinery exemptions and the failure to finalize the 2021 Renewable Volume Obligations by the statutory deadline.”
Richman pointed out how, in the case of the 2019 compliance deadline, EPA is actually seeking an extension of an extension; nearly a year has passed since the original deadline, and refiners are simply seeking to stall the inevitable. EPA’s continued delays have allowed those refiners who did not use a sufficient volume of biofuels to comply with their 2019 standards to instead buy RIN credits at historically low prices.
Richman explains more in this interview.
RFA economist Scott Richman on EPA testimony 4:37