News-News.Zip

News in English (USA) / 04.12.2024 / 12:00

Biden Administration Delays Clean Fuel Tax Credit Guidance, Sparking Concerns Among Stakeholders

The Biden administration has announced that it will not finalize the guidance on the clean fuel tax credit, specifically the 45Z credit, before a potential change in leadership. This decision comes as federal lawmakers, including Republicans, express their desire for input on the biofuels provisions of the Inflation Reduction Act. The delay has caused shares of Darling Ingredients to drop, indicating investor concerns over the potential impact of such decisions on biofuel production. Additionally, U.S. fuel groups are warning that without clear guidelines, higher prices could be inevitable. Observers had anticipated a long-awaited release of the guidance but now face uncertainty regarding the future of biofuel tax incentives.
Reuters, DTN The Progressive Farmer, Agweb Powered by Farm Journal, grainjournal.com, E&E News, Investing.com, StreetInsider.com, Seeking Alpha, The Economic Times, AgUpdate