Tag: CVR

Six Democratic senators want answers from Icahn and Pruitt over CVR waivers

Six Democratic senators want answers from Icahn and Pruitt over CVR waivers

May 9, 2018 |

In Washington, United States Senators Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.), Sherrod Brown (D-Ohio), Tammy Duckworth (D-Ill.), Tammy Baldwin (D-Wis.), Amy Klobuchar (D-Minn.), and Tina Smith (D-Minn.) sent letters to Environmental Protection Agency (EPA) Administrator Scott Pruitt and Carl Icahn, billionaire former adviser to President Trump and Chairman of CVR Energy Inc., to request information on reports that […]

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EPA granted hardship waiver to CVR Energy’s Wynnewood, OK refinery

EPA granted hardship waiver to CVR Energy’s Wynnewood, OK refinery

May 1, 2018 |

In Washington, Reuters reports that the Environmental Protection Agency granted a hardship waiver to Carl Icahn’s CVR Energy Wynnewood, Oklahoma refinery, allowing the refiner to abscond on its RIN compliance under the Renewable Fuel Standard, avoiding tens of millions of dollars in RIN purchases. The facility had been denied waivers under the Obama administration. Icahn, […]

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CVR makes about turn on RINs and begins buying them up ahead of March deadline

CVR makes about turn on RINs and begins buying them up ahead of March deadline

September 20, 2017 |

In New York state, Reuters reports that Carl Icahn’s CVR has begun to close out its short position on RINs and began buying million of them in August for the first time in months. In an effort to keep control on prices, the purchases of half a million or a million at a time have […]

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Investors shorting CVR as Icahn’s attempt to short RIN market fails

Investors shorting CVR as Icahn’s attempt to short RIN market fails

August 9, 2017 |

In Texas, in response to expectations that Carl Icahn made a bad bet against his influence on the Trump administration and the shifting of the point of obligation under the Renewable Fuels Standard, investors have been lining up short positions on CVR’s stock for the past three months, equal to about one-third of the stock […]

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