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Carey introduces bill to reinstate biodiesel tax credit through 2029

Rep. Mike Carey, R-Ohio

April 28, 2026

BY Erin Krueger

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Senate Ag Committee fails to advance Farm Bill

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By Erin Krueger

August 06, 2026

Policy Business 

The Senate Agriculture Committee on Aug. 6 failed to advance the Agricultural Act of 2026, commonly referred to as the Farm Bill. Committee members are expected to continue work on the legislation when the Senate reconvenes in mid-September.

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Phillips 66 on Aug. 5 reported the company’s renewable fuel segment achieved significantly higher pre-tax income during the second quarter due to higher regulatory credits from higher pricing and renewable fuels production.

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Par Pacific Holdings Inc. released second quarter financial results on Aug. 5, reporting its Hawaii renewable fuels facility ramped up production during the three-month period after commencing operations in April.

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The Senate Agriculture Committee on July 31 released an updated draft of its 2026 Farm Bill 2.0 that includes language to enable year-round sales of E15 and revamp the Renewable Fuel Standard small refinery exemption (SRE) program.

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The U.S. EPA on Aug. 3 issued decisions on six small refinery exemption (SRE) petitions for RFS compliance years 2023 and 2024. The agency granted one full exemption, two partial 50% exemptions, and declared three petitions as ineligible.

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