The U.S. Environmental Protection Agencysays it’s working to address fraud in its renewable fuel credit program, but industry experts say it’s action the agency should’ve taken long ago.
In recent months, the EPA has accused several refiners of purchasing fraudulent fuel credits under a system the agency oversees. Consequently, these companies — among them Houston’s Shell Oil Co. andConocoPhillips (NYSE: COP) — could end up paying not only for the first, fraudulent credit, but also a fine, followed by the purchase of replacement credits.
While the EPA doesn’t allege the refiners willingly engaged in fraud, it’s still ...
Deon Daugherty covers energy and law for the Houston Business Journal.
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