Republicans to Investigate EPA Handling of Renewable-Fuel Rules
by Mark Drajem (Bloomberg) The House Energy and Commerce Committee said it will investigate the actions of the Environmental Protection Agency in combating fraud in the renewable-fuels program.
The EPA discovered that fuel credits, which can be traded, are being fraudulently sold, the committee said in a statement. The EPA’s handling of the fraud — telling buyers of the credits to replace the certificates — has made the situation worse, according to panel chairman Fred Upton, a Michigan Republican.
“The renewable-fuels marketplace is in turmoil,” Upton and Kentucky Republican Ed Whitfield said in a letter to the EPA today which was released by the committee via e-mail. “The costs of this turmoil ultimately will be borne by consumers.” READ MORE and MORE (House Energy and Commerce Committee)