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Exactly, it's fungible, so you don't need to track specific gallons. The point isn't to track the specific molecules that represent one specific gallon, the poi
by evan_ 10y ago
Exactly, it's fungible, so you don't need to track specific gallons. The point isn't to track the specific molecules that represent one specific gallon, the point is to just track that a gallon was made and sold.
Nothing was made, nothing was sold, but he fraudulently tracked a creation and sale by creating the RIN.
- JumpCrisscross 10y agoHow is this so difficult to imagine being games? I "sell" you 10,000 barrels of fuel. Then I give you back 99% of your money. Rinse and repeat, you've generated lots of RINs with little capacity for anyone to catch you downstream. Contrast this with a carbon tax, where in order to legally generate revenue one must pay the tax.
- timecube 10y agoRINs aren't generated when biodiesel is sold, they're generated when biodiesel is produced.