Exclusive: Inside edge – Trump advisor Icahn’s big bet against biofuels credits

April 12, 2017 By Chris Prentice and Jarrett Renshaw (Reuters) – 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 on regulations driving that market. The size and specifics of the gamble – involving $186 million worth of biofuels credits the company said it needed at the end of 2016 to satisfy regulatory requirements – have not been previously reported by the media. The credit system…

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