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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - source
https://ca.reuters.com/article/businessNews/idCAKBN1I10YB-OCABSBUSINESS NEWS
APRIL 30, 2018 / 7:05 AM / UPDATED 5 HOURS AGO
Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - sources
Jarrett Renshaw, Chris Prentice
NEW YORK (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 a federal biofuels law, according to two industry sources briefed on the matter.
The waiver enables Icahns CVR Energy Inc 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 nations gasoline and diesel each year.
The Small Refiners Coalition, which represents companies that operate small refining facilities, has defended the EPAs waiver program, saying the EPA is required by law to help small refineries struggling with the RFS and that the exemptions are crucial to their financial well-being.
But the exemption for CVRs Wynnewood, Oklahoma, plant prompted fresh criticism from the powerful corn lobby, which already has accused Trumps EPA of over-using the hardship waiver program in a way that hurts demand for ethanol.
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Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - source (Original Post)
G_j
Apr 2018
OP
malaise
(269,278 posts)1. This is huge
Get thee to the greatest page
Corruption on steroids by the kakistocracy
awesomerwb1
(4,269 posts)2. Fill the swamp!
The wealthy corn industry is upset that another competing rich bunch is getting a waiver??
Pot=Kettle
None of them should be getting the waivers, breaks and subsidies
tonyt53
(5,737 posts)4. Very odd, as many refiners actually like biodiesel, as do ALL trucking companies.
Biodiesel makes petrol diesel a better fuel. With the biodiesel blend, the fuel provides better lubricity for the engine, which reduces wear and they actually and up with a slightly better fuel economy. Ethanol costs much less than does petrol gasoline also.
What Icahn wants is ALL the money.