In New York, CVR Energy booked a $6.4 million profit from RIN sales during Q1 compared to $43.1 million spent on buying RINs during the same period last year despite RINs costing about a third less this year at an average of 53 cents during the quarter. The company said in its quarterly guidance that […]
In Washington, presidential advisor Carl Icahn’s CVR Energy did in fact short the RIN market in 2016, selling RINs at an average of 77 cents and reaching highs of $1 while the credits it now needs for compliance are averaging 55 cents. Prices fell after President Trump won the election and then again when Icahn […]
In Washington, Icahn Enterprises, CVR Energy and their related affiliates appear to be in violation of the Lobbying Disclosure Act of 1995 (LDA), according to a complaint Public Citizen filed Wednesday with Congress. The complaint says there is no record of either entities’ past or current compliance with the LDA. Media reports also suggest that […]
