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https://www.reuters.com/business/sustainable-business/exclusive-tesl...
Tesla Inc (TSLA.O) is seeking to enter the multi-billion dollar U.S. renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals, two sources familiar with the matter said.
The Biden administration is expected to review the EPA applications and lay out how electric vehicles could qualify for tradable credits under the Renewable Fuel Standard (RFS) this summer, the two sources said
However, it is likely to anger some in the U.S. refining industry who would need to buy the credits, known as RINs, generated by Tesla and other alternative fuel providers, essentially subsidizing an electric car company that seeks to put petrochemical refiners out of business.
Don't shoot the messenger, please! Seems like this might kinda be a big deal? Also reported here:
https://www.businessinsider.com/tesla-renewable-fuel-credits-market-...
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EXCLUSIVE Tesla seeks entry into U.S. renewable fuel credit market - sources
