Icahn’s Trump Relationship Sparks a Civil War in the U.S. Ethanol Industry
- Lobbying group president says he brokered deal on biofuel law
- Separate group, Growth Energy, denounces those efforts
Billionaire activist investor Carl Icahn attends the Leveraged Finance Fights Melanoma charity event in New York, U.S., on Tuesday, May 19, 2015. Lyft Inc. is worth more than its recent $2 billion valuation, based on the $50 billion value of larger car-hailing rival Uber Technologies Inc., Icahn said, after he led a fundraising round at Lyft last week.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Billionaire Carl Icahn’s relationship with President Donald Trump has helped spark a round of recriminations within the $24 billion American ethanol industry just as it navigates one of the most crucial points in its history.
The discord has emerged in the past three days as ethanol companies react to a proposal from Icahn and a lobby group that would shake up how the industry is regulated.