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To comply with regulations designed to promote use of ethanol, refiners must blend the renewable fuel with their gasoline or buy credits from other refiners that are called 'Renewable Identification Numbers.'When Icahn bought his stake in CVR in 2012, the credits were cheap, about 5 cents each, so rather than equip refineries to add ethanol to its gas, the company just purchased credits.
Several weeks after Trump's November victory, Icahn agreed to become special adviser to the president on regulatory reform, and CVR's stock nearly doubled in value on the expectation that the renewable fuels rule would be changed, the magazine wrote. 22, the day after Icahn was formally declared a White House adviser, the price of the credits dropped. 27, news leaked that Icahn had struck a deal with the Renewable Fuels Association to change the ethanol blending requirement.O.'s – sweetly captioned with a Taylor Swift Lyric! Related: Sarah Goes OFF On Plastic Surgery Rumors The 26-year-old also tagged Justin Bieber and Selena Gomez are in couples therapy and here's why... The gossip appeared to be confirmed when they both shared lovey-dovey pics on Instagram.Related: Sarah Rocks A Necklace With Wells' Initials Although it may seem like an odd pairing, Wells' nation pals have since spilled about how this romantic union came to be.
Icahn said in a letter to Trump released Friday that he would resign to prevent 'partisan bickering' about his role that Democrats suggested could benefit him financially.