Growth Energy has filed comments with the Department of Justice (DOJ), outlining the biofuel industry’s objections to a proposed settlement between the Environmental Protection Agency (EPA) and a Pennsylvania refiner.
The proposed settlement, between Carlye Group-owned Philadelphia Energy Solutions (PES) and the EPA was filed and drafted as part of the ongoing bankruptcy proceedings. The current settlement agreement would pardon the refinery of key obligations under the Renewable Fuel Standard (RFS).
Growth Energy CEO Emily Skor says the proposed settlement “sends a terrible message to investors who have played by the rules.” Growth Energy alleges that the Carlyle Group pulled hundreds of millions of dollars out of the company and failed to make clean energy investments that have allowed other refiners to thrive. Growth Energy says the proposed settlement would unjustifiably allow PES and its parent companies to substantially avoid their environmental obligations, among other things.