API contests retroactive requirements of EPA's RFS2

03/29/2010 | Oil & Gas Journal

The American Petroleum Institute filed a petition challenging the Environmental Protection Agency's policy for the second stage of the Renewable Fuel Standard. The rule merges the 2009 and 2010 biomass-based diesel volumes and is retroactive to Jan. 1, API said. "By setting retroactive requirements, refiners and, ultimately, consumers will be penalized for EPA's inability to get this rule out on time as directed by Congress," the group said.

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