The United States Environmental Protection Agency has been under pressure from the Trump administration to put together a proposal for how they plan to overhaul the current system of biofuel credits trading, which has been denounced by many industry insiders as shady and volatile. The EPA has been working on a solution since last year, and has finally put together a draft proposal, which is currently being reviewed by White House officials and could be formally made public as soon as this week. The problem with the current system for biofuel credits trading stems from the Renewable Identification Numbers (RINs) used to track government credits originally intended to give oil refiners and importers more flexibility for meeting their annual biofuel quotas–companies could either blend enough biofuel to meet the quota, or they could blend less and make up the difference by buying credits. The problem is that these RINs […]