EPA seen rejecting petition to change point of obligation

In Washington, ethanol producers scored another big win this week with unofficial confirmation that the Environmental Protection Agency won’t change the point of obligation for compliance with the Renewable Fuel Standard as petitioned by oil refiners and the president’s advisor Carl Icahn. Politico first reported the news that should be confirmed next week that was later backed up by three sources reported by Reuters. Icahn owns a majority stake in independent refiner CVR which had led to controversy about his potential role in the point of obligation decision.