Icahn subpoenaed over RFS interest

Billionaire investor Carl Icahn, who was a special adviser to President Donald Trump, has been subpoenaed over his role on advising the President on changes to the US Renewable Fuel Standard, according to a disclosure from the US Attorney’s office and published by Icahn’s company – Icahn Enterprises.

Icahn had lobbied to change the law so that the obligation to buy Renewable Identification Numbers would be shifted away from refiners and on to blenders – a change that would have benefited him financially. He resigned from his post in August.