In New York state, while denying any wrongdoing or conflict of interest, Carl Icahn has resigned from his informal regulatory advisory role to the president in the wake of controversy that his influence on the White House could favor his refining company CVR that sought to change the point of obligation under the Renewable Fuel […]
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 […]
In Washington, advisor to the US President, Carl Icahn, pressed the three candidates up for the nomination for administrator of the Environmental Protection Agency regarding the renewable fuel standard. He said he was disappointed that current administrator Pruitt didn’t know more about the point of obligation issue that is so vital to Icahn’s merchant refinery […]
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 […]
In Washington, Warren Buffett is going head-to-head with Carl Icahn over the future of the Renewable Fuel Standard. The two billionaires are on opposite ends of the policy, with Buffett’s BNSF railroad heavily invested in transport of ethanol while Icahn has been calling for changes to the RFS due to compliance costs for its independent […]
In Washington, President Trump’s special advisor Carl Icahn is coming under closer scrutiny over potential conflict of interest because the value of his company CVR Energy has doubled since the election on the expectation that the new administration would change the Renewable Fuel Standard in favor of independent refiners. Even though as an advisor rather […]
In Washington, billionaire investor Carl Icahn has written a letter to the Environmental Protection Agency urging the regulator to revamp how the RIN market works or risk many refiners going bankrupt as a result of “the mother of all short squeezes,” Reuters reported the letter saying. Icahn owns 82% of CVR Refining, one of the […]
