EPA Audits Potential Fraud in U.S. Biofuels Supply Chain

The U.S. Environmental Protection Agency (EPA) is carrying out audits at least two biofuel producers over the used cooking oil in their supply chains amid concerns about fraudulent use of such oils to claim government subsidies and tax reliefs, EPA spokesperson Jeffrey Landis told Reuters on Wednesday. U.S. biofuel producers can benefit from a range of state and federal subsidies, including tradable credits under the Renewable Fuel Standard (RFS) and other new subsidies in programs under the Inflation Reduction Act (IRA). The EPA launched audits…