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The Trump administration EPA showed that integrity is part of the new White house, and rejected a request that would have benefited former Trump adviser and billionaire Carl Icahn.
washingtonexaminer.com reports: The Trump administration is rejecting a proposal backed by oil refiners and billionaire Carl Icahn to change biofuel policy, according to a report Wednesday.
The Environmental Protection Agency denied petitions by Valero Energy and other refiners to change the rules regarding the "point of obligation" so that refiners wouldn't be responsible for blending corn-based ethanol into gasoline.
"Changing the point of obligation at this time would be very disruptive to the program, and likely the fuels marketplace as well," the EPA said, according to an 87-page document obtained by Bloomberg. "Even if there were some marginal net benefits to changing the point of obligation, we believe that the disruptive effects of a change at this time would still warrant denial."
Icahn, a former special adviser to President Trump, pressed the administration to change the requirement. One of his investment firms, Icahn Enterprises, owns a large stake in an oil refinery business, CVR Energy.
more @ (Link: www.washingtonexaminer.com)