This paper explores the meaning of ἐφ’ ἑλπίδι in Rom 8.20c. This phrase has been variously understood as denoting a hope exercised by the one who subjected creation or a hope inhering in creation despite its subjection. After surveying and evaluating the standard proposals, I argue for an alternative manner of punctuating vv. 19–21 that makes it possible to preserve the most common meaning of ἐπί with the dative, while also taking creation itself as the agent that acts ἐφ’ ἑλπίδι. This proposal obviates a number of difficulties with conventional readings, and highlights the parallels between Paul's statements about the hope of creation in vv. 19–21 and the hope of believers in vv. 24–5.