New York Times: How did the oil industry and the Environmental Protection Agency end up with a system for tracking the production of biodiesel that was vulnerable to fraud?
As I report in The Times, the agency is working on new rules to rescue the program after a yet-to-be-determined number of swindlers manufactured over 100 million credits tied to the manufacture of biodiesel that did not actually exist. This was possible, it appears, because the structure of the market for “RINs,” or renewable identification…

Other Posts: