The Environmental Protection Agency (EPA) is suggesting changes to certain deadlines within the Renewable Fuel Standard (RFS) program. Specifically, the EPA proposes extending the compliance deadline for small refineries’ 2019 obligations to November 30, 2021, and their attest engagement report deadline to June 1, 2022. For the 2020 compliance year, the deadline for all obligated parties and others in possession of Renewable Identification Numbers (RINs), as well as their attest engagement reports, would be January 31, 2022, and June 1, 2022, respectively. These extensions aim to address ongoing uncertainties and allow for more thorough compliance planning.
Simple Explanation
The EPA wants to give more time to companies using renewable fuels to finish their homework for 2019 and 2020, because things have been a bit confusing, just like how sometimes you get extra time to turn in your school projects.