In Washington, Delta Airlines’ Monroe Energy has filed suit in the U.S. Court of Appeals for the District of Columbia Circuit against the 2013 RFS mandate. Its nature as a merchant refiner—swapping gasoline, diesel and other products with BP and Philips 66 for jetfuel— means it doesn’t generate any of its own RINs and so must buy them for the market, which the company claims is inflating fuel prices. Delta suffered a $51 million net loss during Q2 as a result.
More background on the story from the Digest
Category: Producer News