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Call to Action for a Truly Sustainable Renewable Future
August 8, 2013 – 5:07 pm | No Comment

-Include high octane/high ethanol Regular Grade fuel in EPA Tier 3 regulations.
-Use a dedicated, self-reducing non-renewable carbon user fee to fund renewable energy R&D.
-Start an Apollo-type program to bring New Ideas to sustainable biofuel and …

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Home » Environmental Protection Agency, Federal Agency, Federal Litigation, Federal Regulation, Opinions, Policy

Icahn Cheers Trump EPA Pick Amid Calls for Fuel-Rule Revamp

Submitted by on December 13, 2016 – 6:37 pmNo Comment

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 the world’s biggest fuel market, drawing cheers from long-time supporter and fellow billionaire Carl Icahn.

Trump nominated Oklahoma Attorney General Scott Pruitt, an oil-industry champion and opponent of the Obama administration’s climate agenda, to head the Environmental Protection Agency. Refinery owners including Icahn attacked the EPA in the past year over rising costs to comply with renewable-fuel mandates, including credits linked to Renewable Identification Numbers (RINs). Icahn hailed Pruitt’s nomination, saying Trump consulted him on the pick.

As the head of EPA, Pruitt, 48, would have the power to make adjustments to the program. In March 2013, he filed a “friend of the court” brief in a lawsuit over the renewable fuels law, arguing that increased ethanol use threatens vehicle engines and that using corn for fuel diverts from the food supply and increases grocery bills. He’s sued the EPA over key parts of President Barack Obama’s climate agenda, and an official biography on Pruitt’s website says he’s “a leading advocate against the EPA’s activist agenda.”

Since Pruitt’s nomination on Wednesday, the price of ethanol RINs has plunged 15 percent from a three-year high to 90 cents each, according to broker data compiled by Bloomberg.

Last month, EPA rejected the Icahn-backed request, but left the door open to possible changes by opening a 60-day public comment period that ends Jan. 23. Trump takes office Jan. 20.  READ MORE / MORE  and MORE (Reuters) and MORE (Washington Examiner) and MORE (Wall Street Journal)

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