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Companies are more concerned about pleasing bureauweenies than customers anymore to make their profit. Oh sure the EPA will "look into it".
"The cargo of the train was owned by Bioversal Trading Inc., or its US partner Verdero, depending on what stage of the trip it was at. The companies “made several million dollars importing and exporting the fuel to exploit a loophole in a U.S. green energy program.” Each time the loaded train crossed the border the cargo earned its owner a certain amount of Renewable Identification Numbers (RINs), which were awarded by the US EPA to “promote and track production and importation of renewable fuels such as ethanol and biodiesel.” The RINs were supposed to be retired each time the shipment passed the border, but due to a glitch not all of them were. This enabled Bioversal to accumulate over 12 million RINs from the 24 trips, worth between 50 cents and $1 each, which they can then sell on to oil companies that haven’t met the EPA’s renewable fuel requirements."
Fraud is still fraud and these companies shoud be dissolved and their stockholders and executives forced to pay back any ill gotten gains as well as serve jail time as a warning to all the rest of the cheaters.
Considering the government subsudies to the coal, gas and oil industries the entire business is rife with fraud and abuse. What the government should do is hire a few thousand forensic auditors and go over all the energy industry books for Waste Fraud and Abuse. Then they shoud prosecute the guilty and confiscate their businesses and jail the perpetrators.
The government doesn't prosecute their buddies. Look at the banking sector as evidence of that. If we ever went and cut out the fraud and abuses in government the treasury would be swimming in cash.
The entire green energy boondoggle is one big "loophole" which is the point you can't seem to grasp. It's all BS.
Well if you are gonna generalize, why not say all of the energy industry is a boondoggle?
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Fraud is still fraud
