Fairplay: Greenhouse Gas Legislation Under US Consideration Might Offer a Competitive Advantage to Product Importers

“Poten & Partners noted today that draft legislation ‘proposes that parties selling fuels derived from crude must buy allowances for greenhouse gases (GHGs) resulting from the fuel’s burning.’ Both importers and domestic refiners must abide by these rules.  ‘However, an additional onus – in the form of a levy on the GHGs generated in manufacturing the fuel – is proposed only for domestic refineries and not for imports,’ explained Poten.”