Pruitt's Short-Term RFS Waivers May Relieve Pressure For Credit Price Cap

EPA Administrator Scott Pruitt is expected to issue waivers for individual refineries from having to meet renewable fuel standard (RFS) mandates, which could reduce the price of RFS compliance credits in the short term and ease oil sector pressure on the agency to cap credit prices, say biofuels sources and a recent economic analysis. One biofuels industry advocate tells Inside EPA that there might currently be 32 petitions from small refiners -- those processing up to 75,000 barrels per...