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White House Backs Plan to Double Refinery RIN Exemptions

8/28/2026

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Summary

Story summary

The White House backs a plan to double small refinery exemptions from 950 million to up to 1.8 billion RIN credits.
U.S. Senator Joni Ernst (R-IA) called the exemption expansion a handout to Big Oil.
A coalition of farm and biofuel groups urged President Donald Trump to reject the exemption expansion.
Traders saw renewable fuel credit (RIN) prices fall sharply as they anticipate weaker biofuel demand.

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Story summary

The White House backs a plan to double small refinery exemptions from 950 million to up to 1.8 billion RIN credits.
U.S. Senator Joni Ernst (R-IA) called the exemption expansion a handout to Big Oil.
A coalition of farm and biofuel groups urged President Donald Trump to reject the exemption expansion.
Traders saw renewable fuel credit (RIN) prices fall sharply as they anticipate weaker biofuel demand.