Icahn’s conflict of interest becoming more apparent with $60 million RIN windfall

May 24, 2017 |

In Washington, Carl Icahn’s role as special advisor to the president appears to have netted his independent oil refiner CVR $60 million in savings over last year’s Q1 RIN spend as he worked to introduce instability into the RIN market that eventually pushed down prices 19% since November’s election. It’s still not clear why the company showed a net gain of $6.4 million during its most recent financial reporting compared to a $53.5 million spend during the same period last year but claims of conflicts of interest are becoming louder.

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Category: Policy

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