US Politics in Trump era
Publisher: Reuters
Author: Jarrett Renshaw
1 May 2018
U.S. EPA grants biofuels waiver to billionaire Icahn’s oil refinery
The waiver enables Icahn’s CVR Energy Inc (CVI.N) to avoid tens of millions of dollars in costs related to the U.S. Renewable Fuel Standard (RFS) program. The regulation is meant to cut air pollution, reduce petroleum imports and support corn farmers by requiring refiners to mix billions of gallons of biofuels into the nation’s gasoline and diesel each year.