Hearing on EPA handling of biodiesel RIN fraud to occur this week

By Ron Kotrba | July 09, 2012

On July 11 the U.S. House Subcommittee on Oversight and Investigations will hold a hearing on “RIN Fraud: EPA’s Efforts to Ensure Market Integrity in the Renewable Fuels Program.”

The hearing will continue the committee’s investigation into EPA’s handling of fraud in the biodiesel renewable identification numbers (RINs) market. RINs are credits generated when EPA-registered biodiesel producers manufacture biodiesel, and they help track compliance of the renewable fuel standard as they are bought and sold.

EPA has identified around 140 million invalid or fraudulently created biodiesel RINs since November.

The House Committee on Energy and Commerce said the oversight and investigations subcommittee members will hear from marketplace participants and the EPA to identify the impacts of fraud on small biodiesel producers, marketers, and refiners and blenders to examine efforts to address problems identified with EPA’s current regulatory approach to ensuring market integrity, and to identify longer-term challenges, risks, and solutions to fraud in the renewable fuels program.

Scheduled to testify are Jennifer Case, co-founder and CEO of New Leaf Biofuel; Andy Sprague, owner and operator of Union County Biodiesel Co. LLC; Thomas Paquin, president of VicNRG LLC; J.P. Field-Hansen, managing director of the Musket Corp.; Joe Jobe, CEO of the National Biodiesel Board; Charles Drevna, president of the American Fuel & Petrochemical Manufacturers Association; and EPA personnel. 

 

 
 
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