Monday, March 2, 2009

EPA and RIN's Clearing House

OPISnet reports a turn of events around RINs (so did a recent RINstar webinar).

It looks like the EPA will be creating (or at least proposing) their own RIN clearing house. We don't know what this clearing house will look like but of course I'm pretty pessimistic. Guaranteed it will be brought to the industry by the same folks who invented the DMV. Hopefully I'm being a little over dramatic but that's just my gut instinct.

My initial thoughts on this was that you can tell the Obama Administration would be abandoning the market based approaches of the last eight years. Good for CPA's bad for the industry is my prediction.

No comments: