by Jennifer A. Dlouhy and Kim Chipman (Bloomberg/Yahoo!) The Biden administration is developing targets for biofuel that are likely to be relatively flat or even lower as it seeks to balance the interests of blue-collar refining workers and advance a clean-energy
SEARCH RESULTS FOR "Icahn"
Back TO HOMEEXCLUSIVE-CVR Energy Explores Producing Sustainable Aviation Fuel -Sources
by Laura Sanicola (Reuters) U.S. billionaire Carl Icahn's CVR Energy Inc is exploring whether it can produce sustainable aviation fuel at its refineries, according to three sources familiar with the matter. Renewable fuels account for just a fraction of the fuel for
June 01, 2021 Read Full Article
U.S. Presidential Candidate Biden Rips Trump's Record on Ethanol
by Stephanie Kelly (Reuters) U.S. Democratic presidential nominee Joe Biden late on Tuesday attacked President Donald Trump’s record on ethanol, saying his administration’s recent moves to help the industry were too little, too late and transparently political. U.S. Democratic presidential nominee
September 16, 2020 Read Full Article
Renewable Fuels Coalition Launches Campaign Calling for EPA Not to Appeal 10th Circuit Decision
(Renewable Fuels Association) With the need for a decision only days away, the coalition that successfully won a unanimous court decision against the U.S. Environmental Protection Agency continued its call for the agency to not appeal the decision by launching a
March 19, 2020 Read Full Article
Trump, EPA to Appeal Ethanol Blending Decision
(Kallanish Energy) President Donald Trump and the U.S. Environmental Protection Agency have agreed to appeal a federal appeals court decision on ethanol blending, Kallanish Energy reports. The 10th U.S. Circuit Court of Appeals had invalidated three small refinery exemptions under the Renewable Fuel
March 11, 2020 Read Full Article
Tenth Circuit Court Strikes Down EPA Small Refinery Exemptions
(Renewable Fuels Association) In a decision that is expected to broadly impact the Environmental Protection Agency’s approach to granting small refinery exemptions (SREs) under the Renewable Fuel Standard, the U.S. Court of Appeals for the Tenth Circuit late on Friday struck
January 27, 2020 Read Full Article
'Very Engaged' Trump Talks Biofuels Policy with U.S. Oil-State Senators
by Stephanie Kelly (Reuters) President Donald Trump on Thursday discussed biofuels policy with senators from U.S. oil states, including Louisiana Senator Bill Cassidy, who said the president was engaged on the issue that has pitted Big Oil and Big Corn
September 20, 2019 Read Full Article
EPA Strikes Icy Blow to Ag & Biofuels: 31 Waivers Hit Heart of American Farmers and Biofuels
by Helena Tavares Kennedy (Biofuels Digest) EPA might have a new name in some circles – Exemptions for Petroleum Agency – thanks to the 31 small refinery waivers issued on Friday which has the biofuels and agriculture industries reeling after promises
August 12, 2019 Read Full Article
EPA Chief Defends Biofuel Waivers in Meeting with Farm Senators: Sources
by Humeyra Pamuk and Jarrett Renshaw (Reuters) The head of the U.S. Environmental Protection Agency defended his agency’s expanded use of waivers exempting refineries from the country’s biofuel law during a closed-door meeting with farm state senators last week, arguing the program
July 31, 2019 Read Full Article
Trump Intervention Delaying EPA Biofuel Waiver Action, Sources Say
by Humeyra Pamuk (Reuters) U.S. President Donald Trump’s request for a review of the administration’s expanded use of biofuel waivers for oil refiners is holding up its decisions on 2018 applications, according to three sources familiar with the matter, two of
July 11, 2019 Read Full Article
Duckworth Accuses EPA of Deception, Calls for Probe into Ethanol Waivers
by John Siciliano (Washington Examiner) Illinois Democrat Tammy Duckworth asked the Environmental Protection Agency's inspector general Thursday to investigate whether the agency broke the law in granting dozens of waivers to the oil industry to not blend corn ethanol into the
May 24, 2019 Read Full Article
Exclusive: Trump EPA Did Not Await Court Ruling to Loosen Biofuel Rules for Refiners - Documents
by Jarrett Renshaw (Reuters) The Trump administration made it easier for oil refineries to get waivers from the nation’s biofuel law at least four months before a 2017 court decision it often cites to justify the move to the corn lobby,
May 16, 2019 Read Full Article
U.S. Sen. Tina Smith Says EPA Plan to Hide Which Refineries Are Allowed to Stop Blending Renewable Fuels Would Hurt Farmers, Rural Communities
(Office of Senator Tina Smith (D-MN) U.S. Senator Tina Smith (D-Minn.) said today the Trump Administration’s plan to go back on its promise to name which U.S. oil refineries are allowed to avoid requirements to blend renewable fuels into the nation’s
May 03, 2019 Read Full Article
Sen. Grassley Honored for Lifetime Achievement in Bioenergy
by Cindy Zimmerman (AgWired.com) Sen. Chuck Grassley (R-IA) was honored at the Advanced Bioeconomy Leadership Conference (ABLC) in Washington DC this week with the Holmberg Award for Lifetime Achievement in Bioenergy. Accepting the award, Grassley said he was honored, but noted that his
April 05, 2019 Read Full Article
EPA Wants Refinery Information Sealed Agency Asks Court Not to Disclose Waivers Brief, Documents to Public
by Todd Neeeley (DTN The Progressive Farmer) The EPA wants to keep from the public eye an opening brief and some records to be filed in a small-refinery waivers case, claiming in a court motion the information is subject to a
March 12, 2019 Read Full Article
Exclusive: U.S. EPA Aims to Curb Biofuel Credit Speculation by Blocking Outsiders
by Humeyra Pamuk (Reuters) The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s proposals told Reuters
March 08, 2019 Read Full Article
Icahn-Backed Refiner Saves $189 Million on EPA's Biofuel Tweaks
by Mario Parker and Jennifer A. Dlouhy (Bloomberg) CVR Energy Inc., backed by billionaire investor Carl Icahn, saved $189 million under the U.S. biofuels mandate last year. That’s largely thanks to a campaign he helped ignite to lower costs for compliance. CVR Energy,
February 26, 2019 Read Full Article
A Fox Guarding the RFS Henhouse
by David Kruse (The CommStock Report/Spencer Daily Reporter) From a subscriber: "I asked my local Cenex manager why the price of E85 was still high. E10 has dropped 43 cents in the last couple of months and E85 hasn't changed from $1.94. He
January 04, 2019 Read Full Article
Ethanol Credits Criticized by Icahn Drop to Pennies Under Trump
by Mario Parker and Jennifer A Dlouhy (Bloomberg) Gradual drop seen as refiners, farmers debate White House deal; Icahn owns 82% stake in independent oil refiner CVR Energy -- The biofuel compliance credits used by refiners and criticized by billionaire Carl Icahn have tumbled
September 26, 2018 Read Full Article
Why Donald Trump Is Feeling the Heat From Midwestern Farmers
by Justin Worland (Time Magazine) On the campaign trail, Donald Trump made two big promises: renegotiating free trade agreements and helping corn growers by supporting ethanol. ... As tensions over trade have proven painful to Midwestern farmers in the short term, demands
September 14, 2018 Read Full Article
EXCLUSIVE-Trump's EPA Ignored Energy Department Calls to Limit Biofuel Waivers
by Jarrett Renshaw and Chris Prentice (Reuters) The Trump administration's Environmental Protection Agency has consistently ignored recommendations from the Department of Energy to reject or limit waivers to oil refiners seeking exemptions from nation's biofuels law, according to five sources familiar with
June 26, 2018 Read Full Article
Ethanol, Farm Groups Sue EPA over Refineries' Biofuels Exemptions
by Chris Prentice and Jarrett Renshaw (Reuters) A coalition of ethanol and farm groups sued the U.S. Environmental Protection Agency on Tuesday, challenging its decision to free three refineries, including one owned by billionaire investor Carl Icahn, from annual biofuels requirements. The
May 30, 2018 Read Full Article
Large U.S. Refiner Marathon Seeks Biofuel Hardship Waiver - Sources
by Jarrett Renshaw and Chris Prentice (Reuters/Daily Mail) Marathon Petroleum Corp, the second-biggest refining company in the United States, has asked the Environmental Protection Agency (EPA) for a hardship waiver exempting one of its facilities from the nation's biofuels law, two
May 23, 2018 Read Full Article
UPDATE 2-Trump Biofuel Policy Overhaul to Include Fewer Refinery Waivers - Source
by Jarrett Renshaw and Chris Prentice (Reuters) The Trump administration will scale back the use of biofuels waivers for small refineries and count ethanol exports toward federal biofuels usage quotas as part of a broad overhaul of the nation’s renewable fuel policy,
May 14, 2018 Read Full Article
UPDATE 1-U.S. Refiners Reap Big Rewards from EPA Biofuel Waivers
by Jarrett Renshaw (Reuters) The U.S. Environmental Protection Agency’s expanded use of waivers to free small refineries from the nation’s biofuels law has saved the industry as a whole hundreds of millions of dollars, according to a Reuters review of public
May 09, 2018 Read Full Article
Pruitt’s Renewable Fuel Attacks Cost Him GOP Support in Congress
by Mike Carr (The Hill/New Energy America) As the drip, drip of Pruitt scandals becomes a deluge, EPA Administrator Scott Pruitt’s supporters continue to claim that he should be protected because he’s “advancing the president’s agenda.” But because he’s breaking a key Trump
May 07, 2018 Read Full Article
Carl Icahn's Refinery Investment Has Rebounded by $1.4 Billion, Boosted by Trump Energy Policy
by Tom DiChristopher (CNBC) -Shares of CVR Energy have more than doubled since August, resulting in a $1.4 billion paper gain for Carl Icahn, who holds an 82-percent stake in the company. -CVR Energy's stock price slumped through much of last
May 07, 2018 Read Full Article
UPDATE 1-Biofuel Group Asks U.S. Court to Review EPA's Refinery Waivers
by Jarrett Renshaw (Reuters) A biofuels trade group asked a federal court on Tuesday to rule whether the U.S. Environmental Protection Agency violated the law in granting a growing number of small refineries exemptions from renewable fuel laws, according to a
May 02, 2018 Read Full Article
Exclusive: U.S. EPA Grants Biofuels Waiver to Billionaire Icahn's Oil Refinery - Sources
by Jarrett Renshaw and Chris Prentice (Reuters) The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under
April 30, 2018 Read Full Article
Rick Santorum: Stop the Attacks on Farmers, Homegrown Energy
by Rick Santorum (Washington Examiner) This January, I authored a column defending President Trump and rural champions in Congress who had come under attack by refineries for their support of American-made biofuels. A Republican Pennsylvania state legislator, Rep. Bob Godshall, doubled down, attempting to
March 13, 2018 Read Full Article
RIN Price Cap a Demand Cap: Oil Industry Study Makes Ethanol Industry's Case on Motive, Impact
by Chris Clayton (DTN The Progressive Farmer) A study commissioned by the country's largest oil refiner explains how a waiver credit would freeze ethanol demand. Ethanol industry groups are pointing to several statements in the oil industry's own report to make the
March 12, 2018 Read Full Article
White House Pushes for More Talks after 'No Deal' on Biofuels
by Jarrett Renshaw (Reuters) U.S. President Donald Trump has asked for more talks between representatives of the oil and corn industries after a meeting on Tuesday failed to yield an agreement on how to help refiners cope with the country’s
February 27, 2018 Read Full Article
Icahn’s Biofuel Fight Lives On
by Jennifer A. Dlouhy (Bloomberg) Ethanol industry and oil refiners both feel threatened; Biofuel mandate divides two states that voted for Trump -- Top Trump administration officials are planning two summits to discuss possible changes to the U.S. biofuel mandate, according to
February 23, 2018 Read Full Article
What’s the Real Story behind Philadelphia Energy Solutions’ Bankruptcy, Crude Oil, and the Renewable Fuel Standard?
by Joelle Simonpietri (Biofuels Digest) On Jan 21st 2018, Carlyle-backed Philadelphia Energy Solutions(PES), the largest refinery complex on the U.S. east coast at 335,000 barrels per day, filed for Chapter 11 bankruptcy, blaming Renewable Fuel Standard (RFS) compliance costs. In the week since the filing, the Washington Examiner reports
February 02, 2018 Read Full Article
Refiner Bankruptcy Adds to Pressure to Overhaul Biofuel Program
by Jennifer A Dlouhy and Mario Parker (Bloomberg) Biofuel mandate overhaul mulled by Congress after bankruptcy; Unions and Pennsylvania politicians seek immediate action -- The bankruptcy of Philadelphia Energy Solutions LLC, the biggest refiner on the U.S. East Coast, has invigorated efforts to overhaul a 13-year-old federal
February 01, 2018 Read Full Article
RFS Roundup: Economists Largely Agree RINs Not Wreaking Havoc on Refining Industry
by Jessie Stolark (Environmental and Energy Study Institute) ... The argument is roughly – increased biofuels mandates lead RINs to spike in cost, translating to billions in compliance costs, particularly for small refiners. While somewhat logical, as higher RINs costs have
January 14, 2018 Read Full Article
Top 17 for 2017
by Helena Tavares Kennedy (Biofuels Digest) 2017 was a roller coaster year. There was a paradigm shift in biofuels, technology advancements, innovations abounded, politics chaotic. Some companies shut down and disappeared like the Hobo vanishing in the snow atop the Polar
December 26, 2017 Read Full Article
Drivers May Bear the Brunt of U.S. Biofuel Quotas
by Laura Blewitt (Bloomberg) With higher blend credit prices come stronger gasoline margins; Refiners likely to pass higher costs at the pump: Wells Fargo -- ... Despite the petroleum lobby’s efforts, the Environmental Protection Agency last week rejected a petition from independent refiners including Valero Energy
November 28, 2017 Read Full Article
Biofuels Score Victory: EPA Rejects Petitions to Change Point of Obligation in RFS
by Todd Neeley (DTN The Progressive Farmer) The U.S. Environmental Protection Agency rejected several petitions to change the point of obligation in the Renewable Fuel Standard in a notice released on Wednesday ahead of a posting in the Federal Register. In the
November 27, 2017 Read Full Article
Struggling Philadelphia Refiner Sells Biofuel Credits, Raises Cash: Sources
by Jarrett Renshaw, Chris Prentice (Reuters) Oil refiner Philadelphia Energy Solutions (PES) has raised tens of millions of dollars in cash by selling U.S. biofuels credits in recent weeks, according to sources familiar with the transactions, an unusual move for a company
November 15, 2017 Read Full Article
Delaware, Regional Leaders Take on Trump's EPA
by Scott Goss (The News Journal/DelawareOnline) Delaware City Refinery rally to call on President Trump to fix the Renewable Fuel Standard (RFS) and protect well-paying jobs for East Coast refiners and manufacturing workers. Area oil refineries, union leaders, a Republican lobbying firm
November 14, 2017 Read Full Article
U.S. Subpoenas Icahn Over Biofuel Action While Trump Adviser
by Miles Weiss, Jennifer A Dlouhy, and Mario Parker (Bloomberg) U.S. Attorney for Southern District of N.Y. seeks information; Icahn Enterprises discloses request in securities filing -- Federal investigators have issued subpoenas for information on Carl Icahn’s efforts to change biofuel policy while
November 09, 2017 Read Full Article
The Energy 202: Trump Administration Stuck between Two GOP Sides on Ethanol
by Dino Grandoni (Washington Post) The Environmental Protection Agency, in its ambitious effort to roll back the previous administration's energy and environmental policies, has had a significant stumble with Republicans lawmakers. On both sides of the ethanol debate. ... On Thursday, nine Republican senators
October 27, 2017 Read Full Article
Trump Tells EPA to Boost Biofuels After Iowa Uproar
by Jennifer A Dlouhy , Jennifer Jacobs, Ari Natter (Bloomberg) Market for biofuel credits rebounds after lawmakers weigh in; Iowa governor says Trump affirms commitment to biofuel program President Donald Trump intervened personally with the Environmental Protection Agency amid pressure from Republicans in the politically important state of
October 19, 2017 Read Full Article
A Vote for Bill Wehrum Is a Vote against the RFS
by Senator Tammy Duckworth (D-IL) (The Hill) There is a reason that the Renewable Fuel Standard (RFS), our nation's policy governing the production and sale of biofuels, has broad bipartisan support in Congress. This policy is helping us revive rural economies,
October 18, 2017 Read Full Article
Senators Object to Lower 2018 U.S. Renewable Fuel Requirements
(Reuters) A group of 38 U.S. senators asked the U.S. Environmental Protection Agency on Thursday to abandon plans to lower biofuel requirements for oil refiners in 2018, according to a letter made public by the office of Democratic Senator Amy Klobuchar
October 06, 2017 Read Full Article
Renewable Fuel Standard Program: Standards for 2018 and Biomass-Based Diesel Volume for 2019; Availability of Supplemental Information and Request for Further Comment (Deadline October 19, 2017)
(U.S. Environmental Protection Agency/Federal Register) This document provides additional data and an opportunity to comment on that data and potential options for reductions in the 2018 biomass-based diesel, advanced biofuel, and total renewable fuel volumes, and/or the 2019 biomass-based diesel volume
October 04, 2017 Read Full Article
Icahn's Oil Refiner CVR Starts Unwinding Biofuels Bet
by Jarrett Renshaw and Chris Prentice (Reuters) Carl Icahn’s refining company CVR Energy (CVI.N) has begun buying biofuel credits for the first time in months, a sign the firm is starting to unwind a massive short position in the niche
September 20, 2017 Read Full Article
U.S. EPA Chief Denies Icahn Influence in Biofuel Regulation
by Valerie Volcovici (Reuters) Investor Carl Icahn never wielded excessive influence on U.S. biofuels policy while acting as President Donald Trump’s adviser on regulation, the head of the Environmental Protection Agency said in a letter to a Democratic Senator Sheldon Whitehouse. The letter,
September 13, 2017 Read Full Article
Duckworth Asks FBI to Investigate Trump Ally Carl Icahn
by Timothy Cama (The Hill) Sen. Tammy Duckworth (D-Ill.) is calling on the FBI to investigate whether Carl Icahn, a former external adviser to President Trump, violated conflict of interest laws. Duckworth’s request, outlined in a Wednesday letter to FBI Director
September 01, 2017 Read Full Article
Icahn Sees Biofuels Fight Deepening as Refinery Losses Mount
by Mario Parker and Jennifer A Dlouhy (Bloomberg) Billionaire Carl Icahn says an oil industry push for structural changes to the U.S. biofuels mandate will persist, even if the Environmental Protection Agency rebuffs requests from refiners to relieve them of the regulatory
August 30, 2017 Read Full Article
Special Report: Refiner Valero's Secret Campaign against U.S. Biofuels Mandates
by Chris Prentice (Reuters) ... As part of an extensive behind-the-scenes lobbying campaign, Valero played a key role in bringing these people and groups together around a policy proposal that could save the refiner hundreds of millions of dollars each year
August 21, 2017 Read Full Article
EPA Will Reject Change that Trump Backer Icahn Sought
by Eric Wolff (Politico) The Trump administration plans to reject a proposal that would let oil refiners off the hook for complying with the federal ethanol mandate, a senior administration official told POLITICO, dashing the hopes of billionaire Carl Icahn
August 03, 2017 Read Full Article
RFA Chief Says He's Still Concerned RINs Market Is Being Manipulated
by Jeff Barber (Oil Price Information Service) The head of the Renewable Fuels Association (RFA) says the ethanol industry group remains concerned that "market manipulation" is a "significant factor" driving the price of Renewable Identification Numbers (RINs) and cited an
August 03, 2017 Read Full Article
Federal Court Hands Ethanol Industry Big Victory on EPA Fuel Mandate
by John Siciliano (Washington Examiner) A federal appeals court on Friday handed the ethanol industry a major victory, ruling that the Environmental Protection Agency under the Obama administration fundamentally misinterpreted its authority under the national renewable fuel mandate by reducing
July 28, 2017 Read Full Article
EPA Announces Proposed Volume Standards for 2018, and the Biomass-Based Diesel Volume for 2019
(Environmental Protection Agency) On July 5, 2017 EPA issued proposed volume requirements under the Renewable Fuel Standard program for cellulosic biofuel, advanced biofuel, and total renewable fuel for calendar year 2018. EPA also proposed biomass-based diesel volume standards for calendar year 2019. The proposed volume requirements
July 05, 2017 Read Full Article
Watchdog Group Sues EPA to Access Communications with Icahn
by Valerie Volcovici (Reuters) A U.S. watchdog group filed a lawsuit in a federal court on Tuesday to force the Environmental Protection Agency to release communications with billionaire investor Carl Icahn, who it says tried to influence biofuels policy for personal
June 28, 2017 Read Full Article
Representatives Press Pruitt on Icahn’s Role in Shaping the RFS
by Erin Voegele (Ethanol Producer Magazine) On June 21, democratic leaders in the House Energy and Commerce Committee sent a letter to U.S. EPA Administrator Scott Pruitt asking him to detail policies and procedures the agency has put in place
June 26, 2017 Read Full Article
Trump’s Comments Please Ethanol Industry
by Cindy Zimmerman (Energy.AgWired.com) The ethanol industry was thrilled with President Donald Trump’s visit to Iowa this week where he put agriculture and biofuels in the spotlight. “We’re here today to talk about how we’re going to empower America’s farmers and
June 23, 2017 Read Full Article
CFTC Says It Is Not Probing Icahn's Activity in Biofuels Credits
by Timothy Gardner (Reuters) The U.S. Commodity Futures Trading Commission informed eight Democratic U.S. senators last month that it is not investigating biofuels credits after the lawmakers had urged it to probe billionaire Carl Icahn's activity in that market, according
June 06, 2017 Read Full Article
Billionaire Carl Icahn Reaps $60 Million as Trump Adviser
by Mario Parker (Bloomberg/Southwest Farm Press) Government work has paid off handsomely for billionaire Carl Icahn. CVR Energy Inc., his oil refining company, saved about $60 million in the first quarter because of expectations that the federal government will ease
May 25, 2017 Read Full Article
Senators Call on SEC, EPA, CFTC to Investigate Trump Advisor Carl Icahn for Possible Insider Trading, Market Manipulation in Renewable Fuel Credit Market
(Office of Senator Elizabeth Warren) U.S. Senators Elizabeth Warren (D-Mass.), Debbie Stabenow (D-Mich.), Tom Carper (D-Del.), Sherrod Brown (D-Ohio), Sheldon Whitehouse (D-R.I.), Tammy Baldwin (D-Wis.), Tammy Duckworth (D-Ill.), and Amy Klobuchar (D-Minn.), called on the heads of the Commodities Futures
May 18, 2017 Read Full Article
Icahn’s Pig in a Poke
by Brent Erickson (Biotechnology Innovation Organization/Biofuels Digest) Members of the U.S. Senate are questioning whether Carl Icahn’s lobbying to change the Renewable Fuel Standard creates an ethics conflict with his role as advisor in the Trump administration. In addition to
May 11, 2017 Read Full Article
Icahn's Oil Refiner Reports Plunge in Biofuels Bill in First Quarter
by Jarrett Renshaw and Chris Prentice (Reuters) Biofuels compliance expenses for CVR Energy's refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the U.S. government weighs an overhaul
April 28, 2017 Read Full Article
Exclusive: Inside Edge - Trump Advisor Icahn's Big Bet against Biofuels Credits
by Chris Prentice and Jarrett Renshaw (Reuters/KFGO) Billionaire investor Carl Icahn's oil refining company, CVR Energy, made a massive bet in 2016 that prices for U.S. government biofuels credits would fall - just before Icahn started advising President Donald Trump
April 12, 2017 Read Full Article
New Coalition Launches To Fight for US Renewable Fuel Standard
by Jim Lane (Biofuels Digest) In Washington, the Main Street Energy Alliance has launched to urge the Environmental Protection Agency to resist the efforts of a small group of special interests including Valero, Monroe Energy and investor Carl Icahn who
April 10, 2017 Read Full Article
Feature: Ethanol RINs Rebound as Prospects Fade of Quick RFS Reform
by Meghan Gordon and Wes Swift (Platts) RINs bottom out March 2 after four-month slide; EPA may hold 2018 mandate steady, start easing in 2019; Point of obligation debate fades into background -- Refiners' and petroleum marketers' hopes for a quick rollback of
April 06, 2017 Read Full Article
Singular Focus ... Waiting for EPA
by Anthony Adragna (Politico's Morning Energy) Oil companies, gas station operators and other organizers of the just-launched Main Street Energy Alliance wanted to speak with a single voice in the intensifying wonky debate over which types of companies should be responsible
April 06, 2017 Read Full Article
Senators Press Icahn on White House Influence, Business Conflicts
by Valerie Volcovici (Reuters) Several Democratic senators pressed billionaire investor Carl Icahn on Monday to clarify his role as an adviser to President Donald Trump, saying his position in the administration raised "alarming" questions about potential conflicts of interest with his
March 28, 2017 Read Full Article
U.S. Oil Refiners Push for Biofuels Overhaul at White House
by Chris Prentice (Reuters) U.S. oil refining executives met with a senior official in President Donald Trump's administration at the White House last week to argue their position for an overhaul of the nation's biofuels program, two people in the
March 27, 2017 Read Full Article
Icahn Bets against Renewables Market He Wants Trump to Overhaul
by Zachary Mider and Jennifer A Dlouhy (Bloomberg) Special adviser to president urges change in EPA rule; ‘It’s bothersome that one guy can control RIN markets’ -- Carl Icahn, the billionaire investor and adviser to President Donald Trump, said he’s betting
March 20, 2017 Read Full Article
Pruitt Allies Lobby on EPA’s Ethanol Mandate
by Timothy Cama (The Hill) ... Glenn Coffee and Crystal Coon, through their firm, Coffee Group, filed paperwork this week with Congress to represent Oklahoma-based gasoline station and convenience store owner QuikTrip Corp. on issues related to the Renewable Fuel Standard (RFS). Pruitt
March 13, 2017 Read Full Article
Public Citizen Files Complaint Alleging Trump Adviser’s Activities May Have Violated Federal Lobbying Laws
(Public Citizen) Carl Icahn and His Businesses Haven’t Registered As Lobbyists Yet Continue to Influence Government Policy -- Icahn Enterprises, CVR Energy and their related affiliates appear to be in violation of the Lobbying Disclosure Act of 1995 (LDA), according
March 13, 2017 Read Full Article
‘Purest Definition of a Conflict’: Icahn’s $126 Million Gain on Biofuel Deal Draws Criticism
by Jennifer A Dlouhy, Ari Natter, and Bill Allison (Bloomberg) Investor Carl Icahn is also unpaid adviser to White House; Value of Icahn CVR Energy stake grew after biofuel deal -- Carl Icahn’s stake in a Texas refiner grew by as
March 08, 2017 Read Full Article
Trump Adviser Peter Thiel Questions ‘Group Think’ of Restricting Carbon Emissions
by James Osborne (Fuel Fix) Peter Thiel, the technology investor and adviser to President Donald Trump, questioned the global push towards restricting carbon emissions as “group think” while speaking Tuesday at the energy conference CERAWeek by IHS Markit. “I’m not sure
March 08, 2017 Read Full Article
Watchdog to Ask U.S. Lawmakers to Probe Icahn's Role with Trump
by Chris Prentice (Reuters/Yahoo!) A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul
March 08, 2017 Read Full Article
Trump Administration a Wild Card for Ethanol Industry
by Mike Hughlett (Star Tribune) With production on the rise, there's anxiety over unknown policy shifts. -- ... While there are positive indicators for 2017 — corn prices are forecast to be stable and the federal mandate for ethanol production
March 07, 2017 Read Full Article
Ethanol a Hot Topic at ’17 Classic
by Andy Eubank (Hoosier Ag Today) Indiana Senator Joe Donnelly (D) joined Senators Deb Fischer (R-Neb.), and Chuck Grassley (R-Iowa) to introduce the Consumer and Fuel Retailer Choice Act last week, a bill that would effectively allow the sale of
March 06, 2017 Read Full Article
U.S. Ethanol Group Clashes with Icahn over Details of Biofuels Negotiation
by Chris Prentis and Jennifer Ablan (Reuters/Yahoo!Finance) The head of the Renewable Fuels Association says billionaire investor Carl Icahn told him last week President Donald Trump was about to issue an order overhauling the U.S. biofuels program - something both
March 06, 2017 Read Full Article
Icahn on Point on RFS
by Anthony Adragna (Politico's Morning Energy) Carl Icahn was the administration official who called Bob Dinneen, CEO of the Renewable Fuels Association, and told him an executive order changing the Renewable Fuel Standard is on the way, Dinneen told Reuters. Dinneen
March 06, 2017 Read Full Article
RVO Clarity by June Top Priority for Biofuels Industry Leaders
by Joanne Ivancic* (Advanced Biofuels USA) Amid an animated discussion of policy issues, one item gained the support of all five panelists: publication of the Renewable Fuels Standard renewable volume obligations for 2017 and 2018 by June, on schedule. Moderated by
March 02, 2017 Read Full Article
Ethanol Battle Escalates Amid Rumors of RFA-Icahn Deal
by Jim Lane (Biofuels Digest) (R)umors of a deal surfaced between the Renewable Fuels Association and Carl Icahn, shifting renewable fuel obligations away from oil refiners, in return for Icahn’s support for a Reid Vapor Pressure waiver for E15 ethanol that
February 28, 2017 Read Full Article
Trump Reaffirms RFS Support
by Anthony Adragna (Politico's Morning Energy) Trump sent a letter to the National Ethanol Conference Tuesday again reiterating support for renewable fuels and the Renewable Fuel Standard, Pro's Eric Wolff reports. "Rest assured that your president and this administration value
February 22, 2017 Read Full Article
Dems Probe Trump Adviser Icahn’s Role in Ethanol Policy
by Timothy Cama (The Hill) Senate Democrats are investigating the role that President Trump’s adviser Carl Icahn is playing in setting the administration’s ethanol policy. The Democrats are concerned that Icahn, a prolific investor whose holding company owns more than 80
February 14, 2017 Read Full Article
Ethanol and Biofuel Policies
by Nicolas Loris (DownsizingGovernment.org/The Heritage Foundation) ... The problem is not with the voluntary use of biofuels in the marketplace, but rather policies that mandate and subsidize biofuels. ... Congress should end its intervention in the biofuels industry. It should terminate subsidies
February 14, 2017 Read Full Article
It’s Buffett vs. Icahn as Lobbying Heats Up Over U.S. Ethanol
by Mario Parker (Bloomberg) Association of American Railroads argues against Icahn efforts; Renewable fuel paper credits trading at one-week high -- U.S. railroads, including Warren Buffett’s BNSF, are joining a corporate brawl over ethanol mandates that pits American corn farmers and fuel
February 08, 2017 Read Full Article
The Emperor’s New Jobs
by Jim Lane (Biofuels Digest) Among biodiesel’s amazing growth stats is word from LMC International that the 2.1 billion gallons of biodiesel and renewable diesel used by Americans in 2015 supported $8.4 billion in economic impact across a wide variety
February 06, 2017 Read Full Article
Trumping Obama on Biofuels
by Ann Bailey (Ethanol Producer Magazine) Ethanol industry advocates believe the Trump administration will be friendlier to ethanol than the previous one. -- Last fall, a few weeks before the 2016 presidential election, Renewable Fuels Association President and CEO Bob
January 27, 2017 Read Full Article
Trump Swamp Work Can Start with RFS Repeal
by David Williams (Houston County News/Lacrosse Tribune) ... Billionaire investor and Trump confidant Carl Icahn is requesting changes to the Renewable Fuel Standard, the federal law requiring gasoline manufacturers to incorporate renewable fuels into their blends. Coincidently, Icahn would reap
January 27, 2017 Read Full Article
Ethanol Industry Could Use a Friend in Washington Right Now
by Mario Parker and Jennifer A Dlouhy (Bloomberg) Environmental, Energy nominees have criticized ethanol law; President expressed support for $24 billion industry -- ... (Carl) Icahn, who owns a majority stake in independent refiner CVR Energy Inc., is lobbying the
January 24, 2017 Read Full Article
Trump's EPA Pick Says He Would Honor Timelines, Intent of Biofuels Program
by Valerie Volcovici, Timothy Gardner and Chris Prentice (Reuters) Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump's choice to lead the Environmental Protection Agency, said on Wednesday he would honor the intent of the U.S. biofuels program, but remained open
January 23, 2017 Read Full Article
Successful Biofuels Industry Awaits Trump
(Forum News Service/The Daily Journal) Minnesota’s plant-based fuel industries of ethanol and biodiesel are success stories, but their future depends on the new Trump administration. “We are a little nervous,” Assistant Commissioner Andrea Vaubel of the Minnesota Department of Agriculture
January 23, 2017 Read Full Article
Quo Vadis, Mr. President-Elect?
by Jim Lane (Biofuels Digest) ... This Administration is a team, so long as you generally understand that there’s one guy with the ball, he’s calling all the plays, and members of the Cabinet can block and tackle and get to
January 20, 2017 Read Full Article
By Their Powers Combined, They Hope to Stop Change to RFS
by Anthony Adragna (Politico's Morning Energy) Railroads and truckers are joining the fight to leave refiners as the obligated party under the Renewable Fuel Standard. As ME readers are keenly aware, a few independent refiners, led by Valero and Carl
January 18, 2017 Read Full Article
Want to Drain the Swamp? Start with the Renewable Fuel Standard
by David Williams (The Gilmer Mirror) Incoming President Donald Trump's promise to "drain the swamp" is getting an early test from one of his closest friends. Billionaire investor and Trump confidant Carl Icahn is requesting changes to the Renewable Fuel Standard,
January 13, 2017 Read Full Article
EPA Seeks to Ban Genscape from Verifying Renewable Fuel Credits
by Jarrett Renshaw and Chris Prentice (Reuters) The U.S. Environmental Protection Agency wants to revoke Genscape's ability to verify biofuels compliance credits after regulators say it failed to detect a massive fraud perpetrated by companies it was monitoring. The announcement, made
January 05, 2017 Read Full Article
Biofuel Producers Back Renewable Credit Trading Transparency
by Brian Dabbs (Bloomberg) Recent criticism of secrecy and alleged manipulation in biofuel credit trading, delivered by a top adviser to President-elect Donald Trump, is striking a chord among ethanol and other renewable fuel producers. Those producers suggest insufficient credit trading oversight
January 04, 2017 Read Full Article
Icahn Sees Doubts About Ethanol Mandate Among Trump’s Advisers
by Mario Parker (Bloomberg) Icahn picked as special adviser to Trump on regulations; RINs market is a ‘black cesspool of trading,’ Icahn says -- Billionaire Carl Icahn, a special adviser to Donald Trump and a skeptic of the U.S. ethanol mandate,
December 28, 2016 Read Full Article
Don't Change the RFS Point of Obligation
by Mark Griffin (Pro Petroleum/Real Clear Energy) ... Moving the point of obligation eliminates our ability to compete and gives major refiners a significant unfair advantage over small businesses in small markets across the country. Liquidity and competition are what keep fuel
December 23, 2016 Read Full Article
Biofuels Industry May Have the Juice to Endure to Trump's EPA Chief Pick
by Chuck McCutcheon (Scientific American) Despite concerns over Scott Pruitt’s record of opposing ethanol, experts say the renewable-fuel program is on safe ground -- ... Ethanol advocates, however, do not seem to worry that Pruitt will make similar waves involving their
December 23, 2016 Read Full Article
Icahn Named Special Trump Adviser to Roll Back Regulations
by Mike Dorning and Beth Jinks (BloombergPolitics) $20 billion net worth makes him one of richest men in America; Trump says Icahn will advise on ‘strangling regulations’ -- Trump often spoke admiringly of (Carl) Icahn during his presidential campaign and cited
December 22, 2016 Read Full Article
Williams: Trump Should Work to End Renewable Fuel Standard
by Tom Thoma and David Williams (Taxpayers Protection Alliance/Globe Gazette) ... (Carl) Icahn’s proposal centers on the definition of “obligated parties,” which is the official government term for the entities required to blend in renewables. ... Icahn didn’t launch this campaign
December 20, 2016 Read Full Article
Icahn Cheers Trump EPA Pick Amid Calls for Fuel-Rule Revamp
by Mario Parker (Bloomberg) Icahn refiner wants $15 billion renewable-fuels market changed; Cost of credits surged as U.S. mandates on biofuels at record -- Six weeks before he becomes U.S. president, Donald Trump is already disrupting an obscure, $15 billion corner of
December 13, 2016 Read Full Article
RINs, Refiners and Rational Energy Policies
(The Wall Street Journal) Letters to the Editor -- Rewriting the RFS could undermine years of progress toward U.S. energy security. by Jeff Broin (POET) Carl Icahn’s proposal to rewrite the Renewable Fuel Standard (RFS) (“If Oil Refiners Crash, So Will
December 08, 2016 Read Full Article
Farmers to Trump: You Owe Us
by Jane Wells (CNBC) ... This even as the oil industry — suffering from its own low prices — could push the Trump administration to reduce support for ethanol. "I think some people would still like to see the death of
December 06, 2016 Read Full Article
Trump Administration Could Be a Bend in the Road for Biofuels Blending
by Meghan Gordon and Brian Scheid (Platts) Total renewable fuel is slated to be more than 10% of the US fuel supply in 2017, breaking through the so-called blendwall. But how will a new presidential administration affect targets for the Renewable
December 05, 2016 Read Full Article
EPA Rejects Plea to Tweak Ethanol Mandate’s Rules
by Timothy Cama (The Hill) The Environmental Protection Agency (EPA) is making plans to reject a plea by some fuel refiners to shift responsibility for ethanol mandate compliance away from them. A handful of refining companies like Valero Energy Corp. and
November 14, 2016 Read Full Article
Trump's Victory Shatters Energy Landscape
by Anthony Adragna (Politico's Morning Energy) ... Biofuels: Trump said in Iowa in January that he wants ethanol volumes set under the Renewable Fuel Standard restored to statutory levels, but he has surrounded himself with RFS opponents, leaving the future of
November 09, 2016 Read Full Article
Big Oil Companies Reap Windfall From Ethanol Rules
by Bradley Olson (Wall Street Journal) Some refiners stand to rake in $1 billion by selling fuel credits, while others must spend millions to comply -- Environmental regulations designed to boost the amount of ethanol blended into the U.S. gasoline supply
November 07, 2016 Read Full Article
Changes Sought for RFS Compliance Mechanism
by Anthony Adragna (Politico's Morning Energy) Rep. Bob Brady is going to press for changes in the Renewable Fuel Standard compliance mechanism that the refineries in his district say costs them millions — and he may try to enlist his old
November 02, 2016 Read Full Article
What's Up with RINs Prices?
by Scott Irwin (Farm Doc Daily/University of Illinois at Urbana-Champaign) RINs prices have been making headlines in recent months, with prices at times crossing the psychologically important $1 per gallon mark. Echoing earlier complaints (farmdoc daily, July 19, 2013; December
October 07, 2016 Read Full Article
Trump Biofuel Proposals Echo Those of Backer Icahn
by Chris Prentice (Reuters) Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest
September 17, 2016 Read Full Article
The Oil Industry Is Split over the Renewable Fuel Standard Program
by Mark Drajem (Bloomberg) ... Now the oil industry itself is split over the RFS, or more specifically how the EPA applies it. It’s no mystery what’s inspiring the discord: money. Refiner CVR Energy, in which billionaire investor Carl Icahn owns an 82 percent
September 01, 2016 Read Full Article
Feature: Could a RINs Market Probe Fuel RFS Reforms?
by Brian Scheid and Herman Wang (Platts) Growing pressure for a federal probe of the opaque market underpinning the Renewable Fuel Standard could bolster efforts to dramatically reform the landmark biofuels policy. Earlier this month, billionaire investor Carl Icahn sent a heated,
August 25, 2016 Read Full Article
Another Billionaire Bailout?
by Brooke Coleman (Bloomberg/Advanced Biofuels Business Council) ... (Carl) Icahn’s ask is pretty simple. He wants the EPA to change the rules midstream to relieve his petroleum refining assets of their obligations. ... The RFS, for its part, requires petroleum companies like Icahn’s
August 25, 2016 Read Full Article
RINferno
by Jim Lane (Biofuels Digest) Let me see if we got this right. Donald Trump loves the Renewable Fuel Standard --- Carl Icahn loves Donald Trump --- Therefore, Carl Icahn hates the Renewable Fuel Standard With that, welcome to the 2016 United
August 17, 2016 Read Full Article
Valero Says RFS Compliance Costs Are Soaring; Renewable Industry Snaps Back “Poor Capacity Planning”
by Jim Lane (Biofuels Digest) In Texas, Reuters is reporting that “Valero Energy expects to get hit with a half-billion-dollar bill in the second half of the year” and the news agency attributed the costs to “the rising cost of