Join Stoel Rives Partner Graham Noyes for the EPA's New Renewable Fuel Standards TeleBriefing presented by Law Seminars International on August 25, 2011.
On June 20, 2011, the U.S. Environmental Protection Agency (EPA) released a series of proposed rules relating to the Renewable Fuel Standard (RFS). The EPA proposed an overall standard for 2012 for renewable fuel of 9.21% (or 15.2 billion gallons of fuel) and also proposed significant regulatory changes to the program.
Originally enacted by Congress in the Energy Policy Act of 2005 and expanded by the Energy Independence Act of 2007, the RFS represents the country's most comprehensive policy in the energy security and greenhouse gas sectors, and is becoming an increasingly important program in the biofuels sector. The current RFS, often referred to as RFS2, contains four categories of fuel made from renewable biomass. Obligated parties under the RFS, including petroleum refiners and importers, must show that they have met their compliance obligations by acquiring sufficient Renewable Identification Numbers (RINs). Unlike biofuel tax credits, RINs are not funded by the federal government and therefore the RFS program is not subject to deficit reducing measures. In addition, the RFS program is not a short-term program but establishes mandates for biofuels that extend to 2022.
This one-hour TeleBriefing will offer practical and strategic insights for industry and other stakeholders on how best to respond to the new RFS.
Click here for more details or to register.
EPA's New Renewable Fuel Standards
August 25, 2011
10:00 a.m. – 11:00 a.m. (Pacific)