Delta Air Lines stopped buying RINs as prices soar in hopes of securing waiver

In Pennsylvania, Reuters reports that Delta Air Lines has stopped buying RINs despite its growing $346 million liability for Monroe Energy—double its 2020 RIN purchase—because prices for credits are soaring and it hopes it can convince the Biden Administration to reduce its obligations. Merchant refiners like Monroe and others are seeking a temporary waiver form the Environmental Protection Agency due to the rising cost of RINs, saying that they jeopardize the economic viability of their facilities.