Balanced Reporting. Trusted Insights. Thursday, June 11, 2026

Energy

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Renewable fuel target wins praise but uncertainty remains

Biofuel and farm groups are generally hopeful that the Trump administration’s proposal on target for renewable fuels will better support growth across the industry, in addition to propping up domestic feedstocks. 
However, a lack of resolution on how the administration will handle small refinery exemptions and recent proposals on the 45Z tax credit for clean fuel producers could continue uncertainty in the market. 


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Senate GOP tax package extends business income deduction, expands expensing allowance

Clean fuels credit also extended, eligibility eased

The Senate Finance Committee on Monday released its tax and Medicaid provisions for the budget reconciliation bill that Republicans are trying to reach agreement on, and they extend expiring 2017 tax cuts and expand some other provisions of the law. The provisions also extend the 45Z tax credit for clean fuels.


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