Colonial Oil to Pay $2.8 Million Penalty for Failure to Meet Clean Air Act Fuels Regulations

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Summary:

The Environmental Protection Agency (EPA) and the U.S. Department of Justice have reached a settlement with Colonial Oil Industries Inc., requiring the company to pay a civil penalty of more than $2.8 million and spend an estimated $12.2 million to offset the detrimental human health and environmental impacts of its alleged failure to meet obligations under the Clean Air Act's Renewable Fuel Standard (RFS) program and gasoline volatility standards. Colonial Oil failed to include certain marine vessel fuels in its renewable volume obligations calculations, resulting in increased greenhouse gas emissions and reduced use of renewable fuels. As part of the settlement, Colonial will purchase and retire over 9 million Renewable Identification Numbers (RINs) to meet its renewable volume obligations, resulting in a reduction of 18,300 tons of carbon dioxide equivalent emissions.